Displaying items by tag: Washington

(Washington)

Amazon has been in President Trump’s crosshairs since the election, but the president has recently upped his rhetoric about bringing regulation to the company and the tech industry. The push has spooked stock markets. However, news is out that Amazon is making a push of its own. The retailer is building a huge army of lobbyists in Washington to combat the rising risk of regulation. Since Trump’s election, the company has doubled its staff of in-house lobbyists to 28, giving it more than double Google’s manpower.

FINSUM: The rumors coming out of the White House—that this is all just rhetoric—seems encouraging (if you are an investor). However, Amazon seems to be taking the risk seriously, which it should.