Wednesday, 28 March 2018

Amazon shares take a hit as word leaks about Trump's obsession with the company

Investors are dumping Amazon's shares today, putting a major dent into its attempt to be the first trillion dollar company. Amazon's stock is down 5.9% ($88.30) at $1,408.75. The impetus for the decline? Media reports suggesting that President Donald J. Trump has it in for Amazon and wants to go after the company's "tax treatment." Why Amazon? Did the president miss an appointment because his Echo failed to wake him? Does he not like virtual assistant Alexa? Perhaps he owned an Amazon Fire Phone (that would do it). No. Trump reportedly became upset when his real-estate owning friends complained ...

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