Jeff Bezos Shared An Old Article That Predicts The Failure Of The Amazon. Elon Musk Replied.
Dismissing Jeff Bezos as “just another middle man,” the story read, “The idea that Amazon CEO Jeff Bezos pioneered a new business paradigm is nonsense.”
In 1999, the American magazine Barrons published a cover story titled “Amazon.bomb.” History predicted that Amazons’ share price would collapse and that the real winners from the internet boom would be “companies that sell their own products outright.” Dismissing Amazon founder Jeff Bezos as “just another middle man,” the story read: “The idea that Amazon CEO Jeff Bezos pioneered a new business paradigm is nonsense.”
It is safe to say that the item did not age well. More than two decades later, Amazon is worth $ 1.6 trillion in market capitalization and Jeff Bezos is among the richest people in the world.
Bezos took to social media today to share Barrons’ cover story with an inspirational message. “Listen and be open, but don’t let anyone tell you who you are,” he wrote.
Bezos added that the story was just one of many that preached the failure of the Amazons. “Today, Amazon is one of the most successful companies in the world and has revolutionized two completely different industries,” he concluded while sharing an image from the 1999 article.
Jeff Bezos’s post on Twitter has gone viral with over 13,000 likes. While many in the comment section praised the founder of Amazon and Blue Origin for his vision, most of the attention was focused on a comment from his former business rival, Elon Musk.
Elon Musk, CEO of SpaceX and Tesla, simply responded to the tweet with a silver medal emoji. For the uninitiated, Musk surpassed the Amazon boss as the world’s richest person last month and poked fun at him by telling Forbes in an email that he would send Jeff Bezos a silver medal for becoming the second person. richest in the world.
“I am sending a giant digit 2 statue to Jeffrey B., along with a silver medal,” Elon Musk wrote in the short email from him.
Netflix co-CEO also responded to Mr Bezos’s tweet.
Meanwhile, here is a look at some other reactions to Jeff Bezos’s post:
Jeff Bezos resigned as CEO of Amazons in July of this year. Under him, Amazon went from being an online marketplace for books to being the largest e-commerce company in the world.
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