According to the sources it is reported that Trump is unable to quit thinking about the online retailer, Amazon. The source, Axios, said, “He’s obsessed with Amazon. Obsessed.” The claims which the sources of Axios are making are very wide in range. One of those claims, as talked by POTUS was, “[going] after Amazon with antitrust or competition law.” Another one states that Trump believes that Amazon is getting “a free ride from taxpayers.” As soon as the report from Axios went viral, Amazon lost its shares as much as 7.4%. This makes almost $53.6 billion of the market value of Amazon.
Daniel Ives, GBH Insights analyst said, “With Facebook and regulatory worries, the last thing nervous tech investors wanted to see was news that Trump is targeting Bezos and Amazon over the coming months as this remains a lingering cloud over the stock and heightens the risk profile in the eyes of the Street.”
Trump hasn’t done anything so far which can put Amazon’s future in jeopardy. However, this movement in the market is based on the news that he intends to do something. If Trump attempts to do something, Amazon can be in a huge financial trouble.