Global Market Crash Sparks Reflection On Jeff Bezos' 2000 Dotcom Comments After Amazon's 80% Plunge: 'We're A Company That Wants To Be Weighed, And Over Time We Will Be'

Quick Summary:

Against this backdrop, social media tapped into sagacious comments from Amazon founder Jeff Bezos in the aftermath of the 2000 dotcom bubble burst to draw some encouragement.

What Happened: When Amazon shares were annihilated along with the other tech stocks in 2000, Bezos strived to calm the agitated shareholders through his letter to them.

Global equity markets, commodities, and cryptocurrencies all crashed on Black Monday 2.0, and investors are worried about the unabated sell-off.

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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United States

Topics: Markets Benjamin Graham US78462F1030 Equities Benzinga Media Top Stories SPY Stories That Matter Tech Jeff Bezos News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 07:03:55 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21952220

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