RE: perfect storm - but it's temporary1 Sep 2022 20:20
@bristolover -
During the dot-com crash, Amazon had a "brutal year," as Bezos said in his letter to shareholders in 2000. Shares were already down 80% from the previous year at the time he wrote the letter, but he still wrote that "the company is in a stronger position now than at any time in its past."
"It was good that I laid that groundwork, because in the year 2000, the whole thing came tumbling down," Bezos recalled at the forum. "The stock went down to $6" over 90% in 2001.