Jeff Bezos takes swipe at old article claiming Amazon would fail

Amazon founder Jeff Bezos has taken a swipe at an old article from 1999 published by American magazine Barron’s which claimed that the entrepreneur’s venture would fail.

The piece, titled “Amazon.bomb”, predicted that Amazon’s stock price would come falling down and the real winners of the internet and ecommerce boom would be the “firms that sell their own products directly.”

The story also deemed Jeff Bezos as just “another middleman”, which has proven to be very wide of the mark with Bezos now being worth 191.7 billion, according to Forbes.

Besides his personal wealth, Bezos’ company is now worth $1.6 trillion in market capital.

READ MORE: Amazon sued by warehouse workers over screening pay

Bezos took to Twitter to write respond to the article with a positive message

“Listen and be open, but don’t let anybody tell you who you are,” he wrote.

“Today, Amazon is one of the world’s most successful companies and has revolutionised two entirely different industries.”

The tweet went viral immediately and many praised the Amazon founder for the message however, many comments were directed at longterm business rival Elon Musk.

Musk responded to the tweet with a silver medal emoji.

Musk last month overtook Bezos becoming the world’s richest person and joked that he would send a “giant statue of the digit ‘2’ along with a silver medal” to Bezos.

The two multi-billionaires have become rivals after Bezos’ Blue Origin launched to compete with Musk’s SpaceX and his repeated jabs at Amazon on Twitter.

Musk previously said that Bezos “retired to pursue a full-time job filing lawsuits against SpaceX” after Amazon protested against Starlink’s expansion.

Click here to sign up to Charged’s free daily email newsletter

CompaniesEcommerceNews

RELATED POSTS

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

Menu