"Jeff Bezos just shocked Amazon investors to the core with this dire statement:
"I predict one day, Amazon will fail."
"In a recent interview, Bezos explained that he believes "Amazon will be disrupted one day" and eventually "will go bankrupt."
"What might be even more alarming is that Bezos has been dumping roughly $1 billion worth of Amazon stock every year...
"But Bezos isn't just cashing out, he's reinvesting his money into a company utilizing a fast-emerging technology that he believes will "improve every business."
"What most people don't know... is that there is a tiny component powering this tech revolution... a component that Amazon doesn't produce in-house.
"That's because another company (less than 1/6th the size of Amazon)...is producing a powerful component that is leaps and bounds ahead of the competition.
"He's not alone in seeing it this way..."
and then made with the pitch to subscribe to Motley Fool and find out the name of the three big companies that will make me a trillionare.
If it's Blockchain technology, I'm already on it. Invest in RIOT stock to buy the dip on Monday. It's doubled in value since I bought it. There are some rumblings about G6 technology, too.
But never mind all that. If he's manipulating his stock to make money shorting it by making alarming statements about it, or provoking a panic by selling huge blocks with the same goal in mind, that is seriously illegal. I'd like to see him hung anyway, but I'll settle for a perp walk in the hands of the feds.
For a guy worth over $100 billion of AMZN, selling $1 billion a year isn’t “dumping.” It’s nibbling at diversifying.
It’d take him over a century to get out of AMZN at this rate.
Idiot article.
Could Bezos be planning to let a Harris administration break up his competitors while pretending to sacrifice Amazon?
Bezos always did seem to run loss leaders to grow the business, things such as offering One Day Prime shipping, even though I suspect that costs the company money in the near term. Maybe Bezos knows that many of them are Ponzi like and will eventually cause a collapse.