Trump's Amazon "Obsession" Leads To 1 Day, $53 Billion Loss

Mar 29, 2018

President Trump's reported “obsession” with punishing online giant Amazon is causing investors to flee at a cost of $53 billion.After an Axios report citing five inside sources who claim Trump can’t stop talking about Amazon in private., Amazon’s stock lost $53 billion on Wednesday.Trump takes issue over Amazon's use of the USPS for its deliveries, its tax filing, and the fact that brick and mortar businesses are going by the wayside in the wake of Amazon's massive online success.