Fox News: Jeff Bezos Has Lost More than $16B After Trump’s Attacks on Amazon

‘The president criticized Amazon saying that we are giving a subsidy to Amazon’

RUSH EXCERPT:

BOLTON: "The president has tweeted about five times in the past week against Amazon or Jeff bezos and “The Washington Post.” So they have lost about 9% since then, $60 billion worth of market value, but even if investors do not share the president’s opinion, his negative attention on the company has made some sound. You can see that on your screen. That is the March high, and now you can see the direct effect to the founder and CEO Jeff bezos since that all-time high, he has lost more than $16 million. In — two hours ago, we had the heads of state, the baltic state, the president criticized Amazon saying that we are giving a subsidy to Amazon. Take a look at the post office, losing billions of dollars, taxpayers are paying for that money, now most analysts have an issue with the math, they add that shipping was up 12% last year for the postal service. Other analysts putting that aside say that Amazon is still a good investment for three key reasons. First and foremost, not be found to do anything illegal, texting included. And they have provided cheap goods for nearly two decades, and most say it is a numbers game. Amazon prime has between 60 and 90 million people even if you look at how many people voted for President Trump at 63 million, so this analyst told me there are more people that care about convenience and politics. It may be a brutal statement, but there it is. After five tweets in one week, Amazon seems to be a lightning rod for the president. He did begin tweeting about Jeff Bezos or Amazon while he was running for office, saying that the company would be in trouble if you won. Other people say, listen, President Trump was in constructing and building, he knows real estate people, there are a lot of people who are in multiple elements, real estate developments are being hurt. Or that could be part of the negative attention for Amazon. So far this year, the stock is still up even with these recent hits, 17%. But it doesn’t remain to be seen if it still keeps getting negative P.R. From the highest office in the land what happens to the company and how it changes the company’s decisions going forward. Neil."

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