March 29, 2018
President Donald Trump is looking for ways to knock Internet retail giant Amazon down a few pegs, with sources saying he’s ‘obsessed’ with the company owned by billionaire Jeff Bezos and wants to ‘go after’ it.
An Axios report on Wednesday revealing Trump’s plot to put strict new regulations on the company may have already had the intended effect, with Amazon stock plunging by more than $53 billion in value.
Bezos takes a personal hit of more than $8.5 billion from the market dip for the e-commerce behemoth.
The White House at an afternoon news conference said there’s ‘no specific policies or actions’ that would apply to Amazon’s business model that it’s currently considering.
But Press Secretary Sarah Sanders also noted that Trump is ‘always looking to create a level playing field for all businesses’ and his interest in pursuing an Internet sales tax ‘is no different.’
This article was posted: Thursday, March 29, 2018 at 7:31 am