Shares on eBay fell almost 5% on Thursday, after Amazon's CEO. Jeff Bezos snubbed the rival e-commerce giant's annual letter to the shareholders.
"We invested in both of these programs at considerable economic risk and after much internal debate," said Bezos in the letter. "We couldn't safely see what these programs would eventually look like, to say they would succeed, but they were pushed forward with intuition and heart and refused with optimism. "
In response, eBay's CEO Devin Wenig took to Twitter to defend the company.
" While I appreciate ink dedicated to @
ebay from the firm's headquarters, not focused on competition, I believe will devote my letter to customers, intent and strategy. We do not compete with our sellers. We do not combine endless services to create barriers to competition. "
Bezos also challenged competing dealers to match Amazon's minimum $ 15 per hour, while Bezos did not call competitors, but asked for a response from Walmart's Executive Vice President Dan Bartlett. Amazon to pay more taxes.
Les Bezos & # 39; 2018 year letter here.