Amazon.com, Inc., doing business as Amazon, is an American electronic commerce and cloud computing company based in Seattle, Washington, that was founded by Jeff Bezos.
You can do online shopping from Amazon.com, the earth’s biggest selection of books, magazines, music, DVDs, videos, electronics, computers, software, apparel & accessories, shoes and much more.
It is one of the world’s biggest brands so it’s difficult to imagine a world without it.
Extinction of Amazon
But Jeff Bezos thinks differently. He thinks that Amazon coming to extinct is an actual possibility.
At a meeting in Seattle, he stated that:
“Amazon is not too big to fail. In fact, I predict one day Amazon will fail. Amazon will go bankrupt.”
He further continued:
“If you look at large companies, their lifespans tend to be 30-plus years, not hundred-plus years.”
Jeff Bezos claim does have some validity. According to research, most companies averaged a 24-year stint in the index before dropping off. And it is stated that the time period will further decrease and it will go down to only 12-years by 2027.
But some researchers also state that Amazon users have nothing to worry about. As many companies are successfully flourishing and growing. And Amazon is a buoyant and prosperous platform. It has a trivial possibility to fail in the coming years.