Amazon chief executive officer Jeff Bezos in an all employees meeting has emphasized that “Amazon is not too big to fail.”
According to CNBC, Bezos said: “In fact, I predict one day Amazon will fail. Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years.”
He further said that one day Amazon will fail but their job is to delay it as long as possible.
The news comes after the announcement that New York City and Northern Virginia are to share the spoils of a second Amazon headquarters Read full story ›
Source: The Drum
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