Claims

Factual · Economics and markets

“AMZN price declined 90% next few years!”

Vinod Khosla, on X · 14 October 2021 · Post by @vkhosla on X, 2021-10-14 (X)

Amazon's stock price declined 90% over the few years following the dot-com era.

Resolved true The record shows it happened or was so.

What would count as true or false

True if Amazon's stock price fell by about 90% (80–95% counts) from its dot-com-era peak (around December 1999) to its trough in the following few years (around 2001). Mostly true if the decline was large but between 70% and 80%, or the timing is slightly off. Mixed if the decline was about 50–70%. Mostly false if the decline was real but well under 50%. False if no major decline occurred.

Evidence

1. At one point, Amazon stock was down 90% but investors ... CNBC · 18 December 2018

   “Amazon's stock tumbled month after month as well, losing more than 90 percent of its value in two years.”

Reasoning

E1 is a CNBC report independent of the subject. It says Amazon's stock lost "more than 90 percent of its value in two years" during the dot-com bust. That size matches the criteria's range of about 90% (80–95%), and a decline over two years [E1] is consistent with the period the criteria describe, though E1 does not give the exact dates of the peak or the trough. E1 gives no exact peak or trough prices, but its description is enough to support the claim.

Cite this claim

Vinod Khosla, “Amazon's stock price declined 90% over the few years following the dot-com era.” (said 14 October 2021). Verdict: resolved true. Reliability API, claim c_eafb3ab2a20a, method 0.1.0+c876030c. https://epistacklabs.com/claims/c_eafb3ab2a20a