Jeff Bezos: 'I Predict One Day Amazon Will Fail'

Getty Images Amazon CEO Jeff Bezos

Getty Images Amazon CEO Jeff Bezos

Amazon CEO Jeff Bezos made a rather bold acknowledgement this week, predicting the future demise of his 24-year old juggernaut valued at almost $1 trillion.

Amazon, based in Seattle, is also poised to expand into two new headquarters in NY and Virginia, and the company has seen growing adoption of its cloud computing service and its voice assistant Alexa, along with continued success in the e-commerce market.

Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washington's Milestone Celebration in Washington.

Bezos added that Amazon needed to delay the beginning of the end by continuing to focus on its customers, not the business itself.

Bezos is quoted as saying, "Amazon is not too big to fail".

Amazon employees are also particularly concerned about government policies which can significantly impact the company's future.

Bezos added that Amazon's job was to delay failure for as long as possible by focusing on its customers. "If you look at large companies, their lifespans tend to be 30-plus years, not 100-plus years".

Kemba Walker scores 60, but Hornets lose to Sixers in OT
Walker and the Hornets played hosts to the Philadelphia 76ers, giving us a back-and-forth game that required overtime. Philly's newest addition finished with 15 points, four assists, three rebounds, two steals, and two blocks.

Amazon will go bankrupt one day, Jeff Bezos, the CEO of the e-commerce colossus worth nearly $1 trillion, told his employees in a stunning admission.

"It's a fact that we're a large company", said the CEO. It now has over 600,000 employees and a stock price that's quadrupled over the last five years.

"Several Amazon employees who spoke to CNBC on condition of anonymity said government regulation and potential antitrust violations are "big concerns" when they look to the future of the company".

Amazon turned 24 in July of this year.

Amazon did not immediately respond to Business Insider's request for comment. "I don't want to fight this kind of big tech impression - I want to just talk about Amazon".

Last week, President Donald Trump told Axios that his administration is looking into Amazon's possible antitrust violations in the U.S. In the meantime, European regulators have already started an antitrust probe into Amazon's use of merchant data in EU countries.

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