Amazon will go bankrupt one day, Jeff Bezos, the CEO of the e-commerce colossus worth almost $1 trillion, told his employees in a stunning admission.
“Amazon is not too big to fail,” Bezos said last week during an all-hands meeting in Seattle, where someone asked him about the company’s future, according to a recording heard by CNBC.
“In fact, I predict one day Amazon will fail. Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years,” he said, days before the company announced its plan to venture into Queens.
Read more at NY POST.