Jeff Bezos Shared Old Article Predicting Amazon's Failure. Elon Musk Replied
NDTV
Dismissing Jeff Bezos as "just another middleman", the story read: "The idea that Amazon CEO Jeff Bezos has pioneered a new business paradigm is silly."
In 1999, American magazine Barron's published a cover story titled "Amazon.bomb". The story predicted that Amazon's stock price would come crashing down and that the real winners of the Internet boom would be "firms that sell their own products directly". Dismissing Amazon founder Jeff Bezos as "just another middleman", the story read: "The idea that Amazon CEO Jeff Bezos has pioneered a new business paradigm is silly." Listen and be open, but don't let anybody tell you who you are. This was just one of the many stories telling us all the ways we were going to fail. Today, Amazon is one of the world's most successful companies and has revolutionized two entirely different industries. pic.twitter.com/MgMsQHwqZl ???? The deeper the doubts, the sweeter the success. https://t.co/dgrbu6yB3d Congratulations on all of the ingenuity and hard work you put forth to make Amazon the success that it is…I can't imagine the sacrifices that you had to make to achieve this type of success - bravo! Now that's a quote I have to follow by every day! Lot of similarities with what's has been going on with #Tesla for the past decade.
It's safe to say the article did not age well. More than two decades later, Amazon is worth $1.6 trillion in market cap and Jeff Bezos is counted among the world's richest people. Mr Bezos took to social media today to share the Barron's cover story with an inspirational message.
"Listen and be open, but don't let anybody tell you who you are," he wrote. Mr Bezos added that the story was just one of many that predicated Amazon's failure. "Today, Amazon is one of the world's most successful companies and has revolutionized two entirely different industries," he concluded while sharing a picture of the 1999 article.
While the apps were selling the coconut between Rs 70 to 80, the vendor said he charged only Rs 55.
This revelation led to a journey uncovering a hospital mix-up, with the truth emerging when the daughter met another girl born on the same date.
The clip, which shows a Head of Department (HOD) joining students on stage for an electrifying dance performance, has garnered millions of views and widespread acclaim.
In China, a mothers social media post ignited a fierce debate when she shared an unusual family incident: her young son urinated on a dining table.
The NGO recently shared a heartwarming video on Instagram featuring underprivileged children modelling the bridal wear pieces crafted by them.
Taking to X, management consultant Gurjot Ahluwalia shared a side-by-side comparison of what $3 million (approximately Rs 25 Crore) can get a buyer in Gurgaon vs in New York.
DS Balaji, a designer by profession, called Kolkata "the dirtiest" and the "most unhygienic" city in India.
Kong Yufeng has sparked health concerns by revealing her diet of pig feed, costing just 3 yuan (Rs 35) per day, to save money.
Shared on X by investor Siddharth Shah, the email's straightforward, no-nonsense tone contrasts with traditional leave request norms.
In a Reddit post, the woman explained that they live in Florida and her would-be-husband refused to vote because he didn't like any of the candidates.
At the end of the night, when the Zomator delivery driver wrapped up his work at 11pm, he revealed he delivered 8 orders in total and earned Rs 316 for his work.