Thursday, 17 August 2017 09:33

Trump Sets His Sights on Amazon

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(Washington)

The last thing that Amazon could have wanted appears to be happening—President Trump is turning his attention towards the company. Yesterday, Trump commented that Amazon was doing “great damage to tax-paying retailers”. The comments were in a tweet and he continued “Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!”. The comments following Trump’s targeting of Amazon on the campaign trail and are in line with increasing talk of the threat that technology companies pose as they move towards an oligopoly.


FINSUM: If Trump really decides to focus on Amazon, it could mean trouble for the company and the stock.

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