Jeff Bezos: Amazon ‘Will Go Bankrupt’

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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.

{Matzav.com}

5 COMMENTS

  1. Is the government still paying $1.46 for each USPS package they send out? And has Amazon started paying full tax like other retailers?

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