The 2000 Letter. Jeff acknowledges the dot com crash and that Amazon.com's shares are down more than 80%. Then he provides a reminder on the business and the trends for the future.

I found this letter to be a master class about how to do a reality check.

As a reminder, Jeff's letters is a non-commercial production with Preet Anand as its narrator. All copyright belongs to Amazon and Jeff Bezos. I'm doing this to make the content of these incredible letters more accessible.