Amazon tumbles on report Trump wants to go after company

[Yo_Mama_Been_Loggin]

Shares of Amazon are under pressure, down 5.68% Wednesday morning, following a report President Donald Trump is eyeing legal means to go after the e-commerce behemoth.

Axios' Jonathan Swan says Trump believes Amazon is making life difficult for smaller, locally-owned retailers and wants to find a way to slow down its dominance in online retail. Amazon has repeatedly showed an ability to disrupt entire sectors with corporate announcements.

While Trump has not yet decided on any measures, he is considering changing Amazon's tax status or taking the route of antitrust action, Swan's report said.

This isn't the first time Trump has set his sights on the retailer.

"Amazon is doing great damage to tax paying retailers," Trump tweeted in August. "Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!"

https://www.msn.com/en-us/money/topstocks/amazon-tumbles-on-report-trump-wants-to-go-after-company/ar-BBKPerY?li=BBnb7Kz

After saving the coal industry I guess Drumpf wants to save the shopping malls.

[eleny]

1. Walmart sailed that ship out of the harbor decades ago

[Kirk Lover]

2. What about free market and all that. Isn't that a bedrock of Repbuliskankism? n/t

[blake2012]

3. Amazon price will bounce back

They will not have a reliable way to go after Amazon. Nothing legal anyway.

[BeeBee]

4. Trump doesn't give a damn about "smaller, locally-owned retailers,"

he just wants to go after Bezos.

[HipChick]

5. Yep..this is personal....smaller, local owner retailers aren't coming back..

once you go Prime you never go back...

[Bengus81]

6. His daughter sells her IMPORTED shit on Amazon...........