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Amazon’s stock plummets on report that Trump is no fan of Jeff Bezos’s online empire

Amazon’s stock plummets on report that Trump is no fan of Jeff Bezos’s online empire
[Photo: Flickr user Gage Skidmore]

It’s no secret: President Trump doesn’t care for Amazon very much. While most everyone in the world is focused on Facebook and its alleged data malpractice, Trump seems instead to be focusing on Jeff Bezos and his e-commerce empire.

A new report from Axios cites an anonymous source who has seen Trump wonder aloud if the government could “go after Amazon with antitrust or competition law.” Those close to the president have reportedly told him that the company is hurting brick-and-mortar retail, as well as destroying other businesses. And he surely agrees. Since becoming president, Trump has taken to Twitter numerous time to voice his displeasure with Amazon and Jeff Bezos:

Since news hit this morning that Trump has been actively looking for ways to go after Amazon, the company’s stock dropped. It’s currently down nearly 5%–one of the biggest drops it’s seen in over a month.

We’ll have to see if Trump tweets about Amazon soon–and what effect that will have.

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