Sure. Which is exactly what people thought about dozens of other companies over the years. I was merely pointing to some of the big names in the 90's Internet world. Ones who failed or fell by the wayside just as Amazon will. Maybe for different reasons, maybe for similar ones.
It ignores the cycles that we see over and over and over throughout history. When I worked at GE in the late 90s it was a Fortune 5 company, with massive assets, unparalleled management, and regularly touted as one of the top companies in the world. GE's management school at Crotonville was world renowned. Its R&D facility in Schenectady was cutting edge. It was also the last of the original 12 DJIA companies (formed 100 years earlier). In the late 90s GE was buying $Billion companies EVERY MONTH, when being a $Billion company was big time.
Today it is down to #38 on the Fortune 500 and has watched its stock price plummet from an all-time high ~$55 (2000) to ~$6, now back to $13. Down 75% over the last two decades. And GE just got dropped off the DJIA (2019).
A lot of the problems were the result of Jack Welch retiring (and myself, as my last day there was the all time high for the stock :P). Do you think Jeff Bezos is still going to be running Amazon in 20 years, in his mid 70s? But it was also faced with global issues and new innovations and Amazon is going to run into exactly the same problems or different ones people haven't even thought about yet.
IBM, ranked #6 on the Fortune 500 in 2000, now 42. Stock dropped from ~$213 to $110 over 20 years. Similar story. IBM and GE were monster companies with lots of assets, that carried on lots of research and innovation, and that people in 2000 thought were going to still be relevant 20 years later.
Thinking that today's tech giants will always be giants is a good example of Technology Provincialism. You need to read Timeline.
p.s. Anyone who suggests using Google for anything should seriously look at what they collect about you.
