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Jeff Bezos: ĎAmazon Will Fail, Amazon Will Go Bankruptí
Breitbart ^ | 16 Nov 2018 | Charlie Nash

Posted on 11/16/2018 5:34:46 PM PST by E. Pluribus Unum

In a recorded company meeting, Amazon founder and CEO Jeff Bezos declared, “One day Amazon will fail. Amazon will go bankrupt.” “Amazon is not too big to fail… In fact, I predict one day Amazon will fail. Amazon will go bankrupt,” Bezos declared in the internal meeting, according to CNBC. “If you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years.”

“If we start to focus on ourselves, instead of focusing on our customers, that will be the beginning of the end,” he continued. “We have to try and delay that day for as long as possible.”

Bezos reportedly made the statement in response to a question about department store chain Sears’ bankruptcy.

Bezos is currently the richest man in the world, and in July, it was reported that Amazon is set to capture 50 percent of the U.S. e-commerce market.

Last month, it was reported that Amazon is looking to make even more money by rapidly expanding its private brands business.

Amazon and Bezos have repeatedly been criticized by President Trump, who claimed the company is putting “thousands of retailers out of business.”

“Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!” proclaimed President Trump last year, while in March, he added, “I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: amazon
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1 posted on 11/16/2018 5:34:46 PM PST by E. Pluribus Unum
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To: E. Pluribus Unum

Nothing shocking about that.

He’s probably very well right. Creative Destruction will only increase.


2 posted on 11/16/2018 5:36:13 PM PST by dfwgator (Endut! Hoch Hech!)
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To: E. Pluribus Unum

“All glory is fleeting.”


3 posted on 11/16/2018 5:37:35 PM PST by GreenLanternCorps (Hi! I'm the Dread Pirate Roberts! (TM) Ask about franchise opportunities in your area.arare)
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To: E. Pluribus Unum
I'm reading a book about the rise of Uber and AirBnB.

Taxicab industry majorly disrupted.

Hotel industry majorly disrupted.

4 posted on 11/16/2018 5:38:16 PM PST by SamAdams76 ( If you are offended by what I have to say here then you can blame your parents for raising a wuss)
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To: E. Pluribus Unum

Fifty years ago, no one at Sears predicted that Sears would one day fail.

Bezos is smarter than Sears, and that will make Amazon even more successful.


5 posted on 11/16/2018 5:38:21 PM PST by Blue House Sue
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To: E. Pluribus Unum

Note, he said “One day Amazon will fail “, NOT that the failure is imminent.


6 posted on 11/16/2018 5:39:05 PM PST by Innovative
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To: dfwgator

It’s not an earth shattering statement.

He may very well be wrong.

But if someone said that about Toys R Us or Sears 30 years ago who would have believed it?

Heck, I remember a chain burger place called Wetsons, I THINK, when I was a kid.

And a Korvette’s????

Kind of fuzzy but i think those 2 existed on Staten Island and elsewhere.


7 posted on 11/16/2018 5:39:15 PM PST by dp0622 (The Left should know if.. Trump is kicked out of office, it is WAR!)
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To: E. Pluribus Unum

It will fail if the Rat/RINO party succeeds and turns the USA into a 3rd world nation.


8 posted on 11/16/2018 5:45:01 PM PST by GrandJediMasterYoda
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To: E. Pluribus Unum

Despite its size and command of on line sales...

Amazon is barely profitable.

One hiccup...


9 posted on 11/16/2018 5:46:24 PM PST by 2banana (Were you)
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To: 2banana

Amazon is profitable, Bezos just plows all the profits into news businesses so it never shows a profit.


10 posted on 11/16/2018 5:47:36 PM PST by E. Pluribus Unum (Democracy dies when Democrats refuse to accept the result of a democratic election they didn't win.)
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To: dp0622
And a Korvette’s????

I remember EJ Korvette. They had a store in the Paramus, NJ mall. I worked there the summer after I got out of high school.

11 posted on 11/16/2018 5:48:50 PM PST by upchuck (Once political violence becomes common, the toothpaste is difficult to put back in the tube. ~Lifson)
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To: 2banana

https://www.ben-evans.com/benedictevans/2014/9/4/why-amazon-has-no-profits-and-why-it-works


12 posted on 11/16/2018 5:49:15 PM PST by E. Pluribus Unum (Democracy dies when Democrats refuse to accept the result of a democratic election they didn't win.)
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To: SamAdams76
Uber LOST $1 BILLION in Q3. That is so staggering as to be incomprehensible.
"We had another strong quarter for a business of our size and global scope," Uber chief financial officer Nelson Chai said in a statement. "As we look ahead to an IPO and beyond, we are investing in future growth across our platform, including in food, freight, electric bikes and scooters, and high-potential markets in India and the Middle East where we continue to solidify our leadership position."

Will Uber make it?

13 posted on 11/16/2018 5:56:29 PM PST by ProtectOurFreedom
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To: E. Pluribus Unum

This is news?

Just see Sears.


14 posted on 11/16/2018 6:01:34 PM PST by VanDeKoik
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To: E. Pluribus Unum

Can’t happen fast enough for me.


15 posted on 11/16/2018 6:04:12 PM PST by Soros Billions (Gore is a pussy, Hillary : There's a man for ya)
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To: Blue House Sue

Twenty years ago, Sears was Amazon. But they didn’t have the vision of Bezos.


16 posted on 11/16/2018 6:06:46 PM PST by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves.)
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To: Sgt_Schultze

My friends it only matters where YOUR investment money is. Are the S & P mutual funds smart enough to jump ship when they see it coming or do they just react? I’d hate to see one big company go down too fast but then that’s why it’ s the 500. Just because you lose your job at Amazon it doesn’t mean you won’t profit if you INVESTED. Waiting on Hillary’s retraining offers(coal miners) won’t do much.


17 posted on 11/16/2018 6:17:18 PM PST by DIRTYSECRET (urope. Why do they put up with this.)
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To: ProtectOurFreedom

I have always wondered why Uber loses so much money. Unreal $$. These guys are pretty much the largest transportation company in the world that has been in business just a handful of years.


18 posted on 11/16/2018 6:20:02 PM PST by cornfedcowboy
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To: E. Pluribus Unum

This thread needs Bezos pic of him eating deep fried tarantula on a stick.


19 posted on 11/16/2018 6:20:17 PM PST by CincyRichieRich (No provisional ballots allowed; ever notice there have never been Republican ballots found?)
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To: VanDeKoik

I get to be reminded of the Grant’s 1000 store failure every time I hear an NPR program sponsored by funding from the WT Grant Foundation. I do miss Woolworth’s, but for the record, the future of Sears was called into question in the early ‘80s.


20 posted on 11/16/2018 6:21:34 PM PST by Dr. Sivana (There is no salvation in politics.)
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