A long time ago, in 2000, many people were very excited about buying things on the internet. They thought that companies like Amazon would keep growing and make them more money. But then, something bad happened: the internet bubble burst. This means that the value of these companies suddenly dropped a lot. People who had bought Amazon shares lost 80% of their money.
Jeff Bezos, the founder of Amazon, wrote a letter to those people, trying to make them feel better. He told them that even though the value of their shares had dropped, Amazon was still a strong company. They had more customers, more sales, and they were making better products. He said that in the long run, people would see that Amazon was a good company and its value would go up again.
Fast forward to today, Amazon is a much bigger and stronger company. It sells lots of things online and also helps other companies store their data on the cloud. People who bought Amazon shares back then and held on to them would have made a lot of money. So, Jeff Bezos was right: Amazon was a company that could be weighed, and over time, it was.
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1. Story is not a genuine
» AI's criticism: The story is not a genuine article, but rather a rehash of previous articles that have already been published. The author did not provide any new or original insights, but instead repeated information that has been widely available for years.
2. Inconsistencies
» AI's criticism: The author has failed to provide consistent and coherent arguments throughout the story. There are several instances where the author contradicts himself or presents conflicting information without addressing the discrepancies.
3. Biased
» AI's criticism: The author demonstrates a clear bias towards the subject matter, which undermines the credibility of the story. The author's opinions and interpretations are not supported by factual evidence or objective analysis, but rather by subjective emotions and personal beliefs.
4. Irrational arguments
» AI's criticism: The author presents several arguments that are irrational and do not follow logical reasoning. These arguments are based on assumptions, speculations, and conjectures that are not supported by empirical evidence or valid sources.
5. Emotional behavior
» AI's criticism: The author exhibits emotional behavior and uses inflammatory language throughout the story. The author's tone is aggressive, accusatory, and defensive, which detracts from the quality and objectivity of the story.
negative
Article's Main Focus: Global markets crash on Monday amid fears of a recession and unwinding of the yen carry trades.
Article's
market commentary
### Final answer: The passage is from Benzinga, a financial news website. It is about how Jeff Bezos' 2000 letter to Amazon shareholders offers encouragement in the face of the global market crash.