Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Jeff Bezos: ‘Amazon Will Fail, Amazon Will Go Bankrupt’
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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-72 last
To: E. Pluribus Unum

He’s absolutely right. As the death of Sears shows. Every company is just a few mistakes away from gone. Bigger companies get a couple of extra mistakes, but you must correct the path.


61 posted on 11/17/2018 6:01:29 AM PST by discostu (Every gun makes its own tune.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum; central_va
The issue is not if Amazon will fail, or when it will fail.

The issue is, will the loss of employment in the retail sector and all other sectors impacted by that loss cause America to fail.

It's great that you no longer have to go to Wal-Mart to consume the work product of Asian peasants, but can have a drone bring it to your house.

It's not great that the collapse of the white working class is destroying your country.

62 posted on 11/17/2018 6:09:45 AM PST by Jim Noble (Pay no attention to that man behind the curtain)
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum

A profit is shown at the bottom line of the profit and loss statement.

That profit is visable and is reflected as an asset on the blalance sheet.

At some point it is cash that is then spent on assets rather than be paid out as dividends


63 posted on 11/17/2018 6:16:14 AM PST by bert ((KE. N.P. N.C. +12) Invade Honduras. Provide a military government)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Chickensoup

Right, I have done that as well, using Amazon as a research tool. That’s very smart.


64 posted on 11/17/2018 7:26:45 AM PST by Crucial
[ Post Reply | Private Reply | To 54 | View Replies]

To: Crucial

Two smart cookies we are!


65 posted on 11/17/2018 7:40:07 AM PST by Chickensoup (Never count on anyone, ever.)
[ Post Reply | Private Reply | To 64 | View Replies]

To: FamiliarFace

On some items, Amazon will deliver to my door on the same day for free.

Almost everything else is delivered for free within a day or two.

And Amazon does not have all the overhead costs of Walmart.

Amazon is winning and winning big.


66 posted on 11/17/2018 7:44:11 AM PST by Blue House Sue
[ Post Reply | Private Reply | To 55 | View Replies]

To: Blue House Sue

You need to keep an eye on Walmart. Amazon is waking up to the fact that Walmart has a logistical system they need to replicate and groceries that people patronize that are now being used to self-deliver internet purchases.

Walmart took a page out Amazon’s play book by offering items you’ll never see stocked in a store. Amazon can’t beat 4,000 retail locations.


67 posted on 11/17/2018 8:21:28 AM PST by meatloaf
[ Post Reply | Private Reply | To 42 | View Replies]

To: E. Pluribus Unum

Soooooo, Walmart has how long??? I have to start looking for a new grocery store if it is near!!!


68 posted on 11/17/2018 8:22:50 AM PST by RetiredArmy (We are in the Last Days of human history. Jesus is coming back, & soon! Do U know Him?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: meatloaf

“Amazon can’t beat 4,000 retail locations.”

If you want to keep score to see who is beating who.

Walmart has a value of $286 billion.

Amazon has a value (market cap) of $779 billion.


69 posted on 11/17/2018 8:50:58 AM PST by Blue House Sue
[ Post Reply | Private Reply | To 67 | View Replies]

To: dfwgator

“Nothing shocking about that. He’s probably very well right. Creative Destruction will only increase.”

indeed. pretty much all organizations ossify within 30 years ... they hang on afterwards for a long time, particularly government organizations, but pretty much never do anything useful after they ossify ... probably the only thing “shocking” about Bezos’s comments is that, as the head of a VERY young, LARGE, and powerful retailer, he’s aware of relevant history and is willing to articulate it publicly ... no doubt he also knows that you can’t fix a problem unless you acknowledge a problem exists ....


70 posted on 11/17/2018 9:14:07 AM PST by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
[ Post Reply | Private Reply | To 2 | View Replies]

To: Blue House Sue

Market cap, LOL. Compare the sales and profits.


71 posted on 11/17/2018 9:27:46 AM PST by meatloaf
[ Post Reply | Private Reply | To 69 | View Replies]

To: KevinB

True.


72 posted on 11/18/2018 2:27:57 PM PST by Lumper20 (DC is AFGE Union Punks,Our Congress Critters have AFGE INS plus FERS.)
[ Post Reply | Private Reply | To 51 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-72 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson