Amazon.com's sales grew from $15.7 million in 1996 to $147.8 million in 1997, an 838% increase.
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
Amazon's 1997 Form 10-K (as later restated, if it was) governs. True: net sales are reported as $15.7 million for 1996 and $147.8 million for 1997 (to the nearest $0.1 million), and the increase is about 838% (within rounding error of a few percentage points). Mostly true: the sales figures are right, but the percentage is off by a little more than rounding, or one figure differs by less than 1%. Mixed: one sales figure is right and the other is materially wrong. Mostly false: the figures differ moderately from those reported, for example because of a later restatement. False: the reported figures are far from those stated.
Set before the research began.
Evidence (2)
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E1 0000891020-98-000448.txt (Amazon.com, Inc. Form 10-K for the year ended December 31, 1997) U.S. Securities and Exchange Commission (filed by Amazon.com, Inc.)
“Net sales................................. $147,758 838% $15,746 2,981% $511”
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E2 Amazon.Com Sales Grow While Loss Widens The Seattle Times · 23 January 1998
“Amazon.com also reported revenue of $147.8 million for fiscal 1997, a more than 830 percent increase over sales of $15.7 million for 1996.”
Reasoning
E1 is Amazon's Form 10-K for the year ended December 31, 1997. Its "Net sales" row shows $147,758 thousand with an 838% change, against $15,746 thousand, so about $147.8 million and $15.7 million. The quoted row has no year labels, but E2, a contemporaneous Seattle Times report, ties the figures to the years: $147.8 million in revenue for fiscal 1997, more than 830 percent above 1996 sales of $15.7 million. Both sales figures and the 838% increase match the claim to the nearest $0.1 million.
Cite this claim
Jeff Bezos, “Amazon.com's sales grew from $15.7 million in 1996 to $147.8 million in 1997, an 838% increase.” (said 1997). Verdict: resolved true. Reliability API, claim c_60a9e9b81391, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_60a9e9b81391
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
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Verdicts are made automatically; how verdicts are made.