Jeff Bezos tells employees ‘one day Amazon will fail’

Amazon is going to fail, Jeff Bezos, the tech company’s founder, told staff recently.

In an all-hands meeting with his staff, the world’s richest man made the surprising warning that Amazon, currently valued just short of $1tn and regarded as the most fearsome retailer on the planet, would one day face its own demise.

“Amazon is not too big to fail … 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,”

Bezos told staff, according to a recording that was heard by CNBC.

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