The CEO of the world’s largest e-commerce company, Amazon, made shocking admissions in an all hands meeting that was conducted last week whose recording was heard by CNBC.

With the CEO of Amazon, Jeff Bezos, being the richest man of the current year and the company gaining a value of $1 trillion, Bezos stated that the largest e-commerce giant is far from invincible.

The CEO reportedly stated that his 24 year old company in not big enough to not fail. He predicted that the company will fail and will go bankrupt.

Source: cdn.vox-cdn

He further that on considering large companies, their life span have been somewhere around 30 years and not 100 years.

Bezos also said that the main motive of the organization is to focus on the needs and content of the customer in order to delay the inevitable for as long as possible.

On the conditions of anonymity, several employees agreed to give interview to CNBC, as was reported by it and they stated that the antitrust violations along with the regulations by the government were the arenas of major concern when considering the future of the company.

According to Reuters, a source has told it that on Tuesday, the e-commerce giant, Amazon will make an announcement that for its second headquarters it has chosen New York and Northern Virginia.

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Source: s3.amazonaws.

The plan of the Amazon to split its headquarters was a mimic of “HQ2”. This will evenly distribute the headquarters of the company between two cities thereby increasing the presence of the company between the two.

The split of the headquarters will provide diversity to the company in terms of recruitment. It will also provide decreased congestion.

The split of the headquarters will provide diversity to the company in terms of recruitment. It will also provide decreased congestion.

Source: Reuters, CNBC