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)
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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.”
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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.”
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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
More factual claims by Jeff Bezos
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Mixed
“But we did get a couple of life saving drugs.”
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Mostly true
“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.”
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Mostly true
“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.”
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Resolved true
“Our net income in 2020 was $21.3 billion.”
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Resolved true
“Along the way, we’ve created $1.6 trillion of wealth for shareowners.”
Verdicts are made automatically; how verdicts are made.