Trump Goes After Amazon, Shares Slump

US president Donald Trump fired at Amazon via Twitter last Thursday and accused the retail giant of paying little or no taxes, using the postal system as their “delivery boy”, resulting to losses for the US, and putting thousands of retailers out of business.

It was said that the tweet had caused Amazon shares to slide 2.6% after the markets opened, closing $1,431.42 per share. Axios also reported last Wednesday that Trump is planning to go after the e-commerce firm for antitrust violations.

Trump is also known to criticize the Washington Post regularly on Twitter. The media organization is owned by Amazon CEO Jeff Bezos, but is a separate entity from the retail company.  

Source: CNBC

Post a Comment