NEWS
How one tweet from Trump made Amazon lose $6bn instantly
How one tweet from Trump made Amazon lose $6bn instantly
Few hours following President Trump’s criticism of Amazon yesterday, the online retail outfit has lost tons in billions of dollars in the company’s market capitalization before the dawn of today.
Although the decline in revenue might not be life-threatening, concerns are still being raised over what will ensue in the coming days.
If a single tweet from the President could wreck such havoc, what would then happen if such continues.
President Trump who tweeted yesterday slamming the outfit, wrote, “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!”.
Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!
— Donald J. Trump (@realDonaldTrump) August 16, 2017
Trump has been target Amazon due to Jeff Bezo’s ownership of Washington Post which reported heavily on Trump’s campaign.
In the same vein, President Trump had earlier threatened Amazon of an imposed Internet tax.
