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Bezos Unearths 1999 Barron’s Report Saying Amazon Will ‘Bomb’

11.10.2021 - 20:07

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thewrap.com

thewrap.com:

Forbes list of the 400 richest Americans, has unearthed an old report on a then-nascent Amazon. “AMAZON.BOMB,” said the headline of a 1999 edition of Barron’s attached to a tweet from the Amazon and Blue Origin founder, who also owns Whole Foods and The Washington Post.

The 22-year-old front page went on, “The idea that Amazon CEO Jeff Bezos has pioneered a new business paradigm is silly. He’s just another middleman, and the stock market is beginning to catch on to that fact.

The real winners on the ‘Net will be firms that sell their own products directly to consumers. Just look at what’s happening at Sony, Dell and Bertelsmann.”A drawing of Bezos’ head in a large bomb with a lit fuse accompanies the writeup.