ClaimsJeff Bezos

“Sales grew to $2.76 billion in 2000 from $1.64 billion in 1999.”

Jeff Bezos, CEO, writing in Amazon shareholder letter 2001 To our shareholders: Ouch. It's been a brutal year (2000 letter) (Amazon IR)

Factual Economics and markets

Amazon.com's sales grew to $2.76 billion in 2000 from $1.64 billion in 1999.

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

True if Amazon's 2000 10-K or annual report shows net sales of about $2.76 billion in 2000 and about $1.64 billion in 1999 (each within ±$0.01 billion when rounded). Mostly true if both figures are within 2% of the stated values. Mixed if one figure matches and the other differs by more than 2%. Mostly false if both figures differ by 2–10% but sales did grow. False if either figure differs by more than 10% or sales did not grow. Any formal restatement governs.

Set before the research began.

Evidence (4)

  1. E1 d10k405.txt U.S. Securities and Exchange Commission (Amazon.com, Inc. Form 10-K for fiscal year ended December 31, 2000)

    “Net sales............... $2,761,983 $1,639,839 $ 609,819 $147,787 $15,746”
  2. E2 1,300 Layoffs at Amazon Internet News (InternetNews.com) · 31 January 2001

    “For the year ended Dec. 31, 2000, net sales were $2.76 billion, a 68 percent increase over 1999 net sales of $1.64 billion.”
  3. E3 Amazon.com Expects Pro Forma Operating Profitability in Fourth Quarter 2001 Amazon.com, Inc. (press release) · 30 January 2001 Own record

    “For the year ended December 31, 2000, net sales were $2.76 billion, a 68 percent increase over 1999 net sales of $1.64 billion.”
  4. E4 2 0 0 1 ANNUAL REPORT - IIS Windows Server Amazon.com, Inc. (2001 annual report) Own record

    “Net sales were $3.12 billion, $2.76 billion and $1.64 billion for 2001, 2000 and 1999, respectively,”

Reasoning

Amazon's 2001 annual report gives net sales of $2.76 billion for 2000 and $1.64 billion for 1999 (E4). A contemporaneous independent news report gives the same figures and describes the change as a 68 percent increase (E2). Amazon's January 2001 press release matches both figures (E3). The 10-K net sales row of $2,761,983 and $1,639,839 is consistent with them, though the quoted row does not label its columns by year (E1). Both figures fall within ±$0.01 billion of the stated values, and sales grew.

Cite this claim

Jeff Bezos, “Amazon.com's sales grew to $2.76 billion in 2000 from $1.64 billion in 1999.” (said 2001). Verdict: resolved true. Reliability API, claim c_d45b1ddaa56e, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_d45b1ddaa56e

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. Resolved true Factual 6 October 2025
    “Amazon stock in a very short period of time went from $113 a share to $6 a share.”

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

  4. 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.

  5. 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.

All of them

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