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Jeff Bezos, on Monday, took to Twitter to share a news clipping from American business & financial weekly Barron's, with the headline "Amazon.Bomb."
The article was published on May 31, 1999, almost 5 years since the inception of the e-commerce platform (Jeffrey P. Bezos founded it in July 1994).
The writer of the story began it by saying, "The idea that Amazon CEO Jeff Bezos has pioneered a new business paradigm is silly."
The story went on to call Bezos "just another middleman," adding that the "stock market is beginning to catch on to that fact."
It further said that the real winners on the Internet would be "firms that sell their own products directly."
Well, as we all know, this prediction more than simply failed.
Sharing the clipping, Bezos - who is worth $191.7 billion, as per Forbes - wrote, "Listen and be open, but don’t let anybody tell you who you are."
The 57-year-old billionaire said 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," he concluded.
Listen and be open, but don’t let anybody tell you who you are. This was just one of the many stories telling us al… https://t.co/P5tuLC8AuM
— Jeff Bezos (@JeffBezos) 1633922938000
Bezos's tweet didn't miss his business rival Elon Musk's eye. And the Tesla founder, who with a net worth of $213 billion recently surpassed Bezos to become the world's richest person, left a cheeky silver medal emoji on the tweet.
@JeffBezos 🥈
— Elon Musk (@elonmusk) 1633928270000
A September 28 article in Forbes had quoted Musk - after he had dethroned Bezos as the richest person - as saying, “I’m sending a giant statue of the digit ‘2’ to Jeffrey B., along with a silver medal.”
Bezos's tweet also received praise from many, including Netflix CEO Reed Hasting, who wrote, "The deeper the doubts, the sweeter the success."
The deeper the doubts, the sweeter the success. https://t.co/dgrbu6yB3d
— Reed Hastings (@reedhastings) 1633928947000
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