Amazon and Blue Origin founder Jeff Bezos posted an old article that predicted that Amazon would fail and Elon Musk replied to Bezos’ tweet.
Barron’s, an American weekly magazine/newspaper had predicted Amazon’s failure in 1999. They wrote that Jeff’s new business paradigm was silly and called him just another middleman.
Moreover, the magazine said that Amazon’s stock price would plunge and the real winners of the Net would be firms that sell their own products directly to consumers. They said that Sony, Dell, and Bertelsmann are some examples.
Listen and be open, but don’t let anybody tell you who you are. 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. pic.twitter.com/MgMsQHwqZl
— Jeff Bezos (@JeffBezos) October 11, 2021
However, their prediction turned out be false. Amazon became one of the most influential economic and cultural forces in the world as well as the world’s most valuable brand.
Netflix co-CEO, Reed Hastings also wrote in the comments section of Bezos’s tweet to congratulate him for Amazon’s success.
The deeper the doubts, the sweeter the success. https://t.co/dgrbu6yB3d
— Reed Hastings (@reedhastings) October 11, 2021
Jeff Bezos Shares Old Article Predicting Amazon’s Failure
Jeff Bezos Posted an image of the article on Twitter and wrote that one should not let anybody tell them who they are. According to Bezos, this was just one of the many stories that told them that the wouldn’t succeed.
He concluded that, today, Amazon is one of the world’s most successful companies and has revolutionized two entirely different industries. Netizens praised Jeff for his success.
Elon Musk Replies
Later, Bezos’ business rival, Elon Musk noticed the tweet and decided to give a witty reply. He replied with a silver medal emoji.
This was a hint at Elon Musk becoming the World’s Richest Person by surpassing the Amazon founder.
The Tesla CEO wrote an email to Forbes that he is sending a giant statue of the digit ‘2’ to Jeffrey B., along with a silver medal.
— Elon Musk (@elonmusk) October 11, 2021
However, this isn’t the first time that the Tesla CEO quipped about Bezos. Earlier, Amazon had planned to launch a constellation of more than 3,000 internet satellites. Musk called Bezos a “copy cat.”
Aside from that, several other people reacted to his tweet.
Congratulations on all of the ingenuity and hard work you put forth to make Amazon the success that it is…I can’t imagine the sacrifices that you had to make to achieve this type of success – bravo!
— TheGlaze (@alynglazerman) October 11, 2021
Now that’s a quote I have to follow by every day!
— Patrick David Jenkins (@Drchoker) October 11, 2021
Lot of similarities with what’s has been going on with #Tesla for the past decade.
— alseT (@LivingMuskDream) October 11, 2021
This year, Bezos had filed a lawsuit targeting Starlink. Elon funnily replied that Jeff has retired to pursue a full-time job filing lawsuits against SpaceX.