Jeff Bezos Denies Viral Claim About McDonald's Advice
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: Benzinga
- False Claim Clarification: Jeff Bezos denied a viral claim from prediction market platform Polymarket that he advised Gen Z entrepreneurs to work at McDonald's or Palantir, emphasizing he never made such suggestions.
- Importance of Experience: Although Bezos worked at McDonald's, he advised aspiring founders during an Italian Tech Week interview to gain experience at best-practice companies to learn hiring and operational fundamentals, highlighting the significance of experience for entrepreneurial success.
- Exceptions to Success: Bezos noted that college dropouts like Zuckerberg and Gates are exceptions to successful entrepreneurship, stressing that most entrepreneurs need to accumulate experience to improve their odds of success.
- Social Media Reaction: The false claim garnered significant attention on social media, with Polymarket's post accumulating 4.9 million views, reflecting the public's keen interest and discussion around entrepreneurial advice.
Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.69 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 244.680
Low
250.00
Averages
294.69
High
340.00
Current: 244.680
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
