ClaimsJeff Bezos

“Amazon stock in a very short period of time went from $113 a share to $6 a share.”

Jeff Bezos, Amazon founder, interviewed 6 October 2025 Transcript: Jeff Bezos on Tech Future, AI, Space Revolution (Italian Tech Week 2025) (Singju Post) archived copy

Factual Economics and markets

In 2000, when the Internet bubble burst, Amazon stock fell in a short period from $113 a share to $6 a share.

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?

The second judge said mostly true; the verdict shown is the first judge's.

What would count as true or false

Judged as of the date made, against Amazon's historical share price around the dot-com crash. The claim's precision is the prices as stated (nominal, not split-adjusted, as traded then). True: AMZN traded at about $113 at its December 1999 peak (intraday or close, within about ±5%) and fell to about $6 (about $5.50–6.50) at its 2001 low, over roughly two years or less, which counts as 'a very short period'. Mostly true: both prices are right within about ±10%, or the low came in 2001 rather than 2000 as the proposition says. Mostly false: the decline was real but the endpoints are substantially wrong (e.g. the low was about $10), or the figures are on a mismatched basis that inflates the drop. False: no decline of this kind happened.

Set before the research began.

Evidence (3)

  1. E1 12 Magnificent Stocks for Rocky Markets Kiplinger's Personal Finance (James K. Glassman column) · 18 August 2011

    “From December 1999 through September 2001, Amazon shares fell from $113 to $6.”
  2. E2 0000891020-00-000622.txt (Amazon.com, Inc. Form 10-K for fiscal year ended December 31, 1999) U.S. Securities and Exchange Commission (filed by Amazon.com, Inc.) · 2000

    “the reported sale price of our common stock on the NASDAQ National Market was as high as $113.00 and as low as $41.00 per share.”
  3. E3 By 2001, His Amazon Shares Had Fallen 93% And Wall Street Was Predicting The Company Would Go Bankrupt. Bill Miller Didn't Care, He Doubled Down At $6 A Share. 24/7 Wall St. · 1 October 2026

    “Per CNBC, the stock bottomed around $6 in 2001.”

Reasoning

I rated this true. Amazon's 10-K for fiscal 1999 says its stock sold for as much as $113.00 per share during the year (E3). An independent Kiplinger column says the shares fell from $113 to $6 between December 1999 and September 2001 (E1), and a 24/7 Wall St. article says the stock bottomed around $6 in 2001 (E4). Both prices match what the criteria require for true, over less than two years. The criteria's true condition names a 2001 low, so I did not lower the rating because the proposition dates the crash to 2000, although the criteria could also be read as calling for "mostly true" on that point.

Cite this claim

Jeff Bezos, “In 2000, when the Internet bubble burst, Amazon stock fell in a short period from $113 a share to $6 a share.” (said 6 October 2025). Verdict: resolved true. Reliability API, claim c_b93995cc6381, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_b93995cc6381

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Jeff Bezos, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More factual claims by Jeff Bezos

  1. Mixed Factual 6 October 2025
    “But we did get a couple of life saving drugs.”

    A past bubble, in which the companies as a group lost money, still produced a couple of life-saving drugs.

  2. Mostly true Factual 6 October 2025
    “It’s a perfect example that all of that fiber, fiber optic cable that got laid and by the way, the companies who laid all that cable went out of business.”

    The companies that laid fiber optic cable during the Internet bubble went out of business, going bankrupt.

  3. Mostly true Factual 15 April 2021
    “More than 1.9 million small and medium-sized businesses sell in our store, and they make up close to 60% of our retail sales.”

    More than 1.9 million small and medium-sized businesses sell in Amazon's store and make up close to 60% of its retail sales.

  4. Resolved true Factual 15 April 2021
    “Our net income in 2020 was $21.3 billion.”

    Amazon's net income in 2020 was $21.3 billion.

  5. Resolved true Factual 15 April 2021
    “Along the way, we’ve created $1.6 trillion of wealth for shareowners.”

    Amazon has created $1.6 trillion of wealth for shareowners.

All of them

Verdicts are made automatically; how verdicts are made.