Amazon’s market value fell by $ 6 billion, because of one tweet trump
17.08.2017 0 Comments
The U.S. President has criticized Amazon, wrote in his Twitter that the company is hurting other retailers and its actions lead to the loss of jobs in the United States.
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
“Amazon brings great damage to retailers who pay taxes. Suffer from small and large cities and States across the U.S. — disappears a lot of jobs!”
After that tweet Amazon shares collapsed, which led to a reduction in the company’s capitalization by about six billion dollars in a few minutes.
This is not the first time Donald trump criticizes Amazon and its CEO Jeff Bezos. The Bezos owns the Washington Post, which criticized the election campaign trump and published compromising materials.