President Trump is not too pleased with Amazon and he made his concerns loud and clear on his Twitter feed this week.
Trump is angry with Amazon as he believes the retailer is hurting other retailers and is causing job losses.
The President tweeted on August 16th, “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!”
Shares of Amazon fell as much as 1% after the tweet in pre-market trading.
KeyBanc Capital Markets analyst Edward Yruma wrote in a note to clients the same day, “While this is not his first tweet about Amazon and taxes (and of course, the Washington Post), we do find it interesting that he is now linking Amazon and job losses in traditional retail.”
Disclaimer: We have no position in Amazon.com, Inc. (NASDAQ: AMZN) and have not been compensated for this article.