A single Donald Trump tweet just lost Amazon $6 billion in value

in #news7 years ago

US President Donald Trump's new blaze at Amazon caused a heavy loss of $ 5.7 billion from its market value in just two hours in pre-market trading, with the company losing 1.2 percent of its value, The Independent.
In a tweak on Wednesday, Trump criticized Amazon.com for its taxes and jobs and accused it, without evidence, of damaging cities and states across the country and causing job losses.

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Amazon.com has more than 50,000 jobs across the United States to help meet customer demands, and earlier this month held several forums to fill the jobs.

This is not the first time that Trump has directed his arrows at Amazon. He has already criticized the company and the Washington Post, owned by Amazon founder Jeff Bezos, for its coverage.

In December 2015, Trump Bezos was accused of using the Washington Post for tax evasion. The US president claimed Amazon shares would "collapse like a paper bag."

The founder of Amazon owns the American newspaper through a holding company not linked to Amazon.
Trump accused billionaire # Jeff O. Bizzus, owner of the Amazon site, which owns the paper as "a weapon of pressure against Congress."

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Trump wrote in a series of tweets on Twitter that most of the news published by Washington is "fabricated," describing this "fabrication" as "enormous and dangerous."

Trump repeatedly used his Twitter account to attack companies, often causing their market values ​​to fall.
Toyota shares fell within minutes of a negative press release by the US president in January, which caused the company to lose about $ 1.2 billion in value and pledged to keep its plants from moving to Mexico.

In December, Trump hit hard on Boeing and Lockheed Martin, claiming they were imposing a high cost on the government for their services. The value of Boeing fell by more than $ 1 billion, while Lockheed Martin lost $ 3.5 billion.