Bezos Battered : $13 Billion Net Worth Loss As Amazon Crashes

According to the anonymous sources, Trump has allegedly talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business.

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Amazon shares are down 7% today and almost 11% in the last two days, breaking below its 50DMA, amid a broad tech unwind contagion and growing concerns about government crackdowns from “obsessed” Trump.

Bloodbath…

 

The reason is that according to Axios, it is not Facebook that Trump wants to go after, but rather Amazon: “He’s obsessed with Amazon,” a source said. “Obsessed.” According to the anonymous sources, Trump has allegedly talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business.

A source who’s spoken to POTUS: “He’s wondered aloud if there may be any way to go after Amazon with antitrust or competition law.”

Trump’s deep-seated antipathy toward Amazon surfaces when discussing tax policy and antitrust cases. The president would love to clip CEO Jeff Bezos’ wings. But he doesn’t have a plan to make that happen.

Behind the president’s…

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10 thoughts on “Bezos Battered : $13 Billion Net Worth Loss As Amazon Crashes

  1. “Trump has allegedly talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business.”

    Trump doesn’t give a damn about those ‘mom-and-pop’ businesses. What ‘mom-and-pop’ businesses? They’ve all closed shop. Trump’s business cronies have been complaining to him that Amazon is putting them out of business what with malls closing and other brick and mortar stores shuttering their doors thanks in part to Amazon. Why is it no one gave a damn for the mom-and-pop stores when Walmart marched through town and shuttered most mom-and-pop stores, but now, Trump wants to take on Amazon because there is only so much money or credit left on our cards to be gotten from US and so the pickings are slim and Jeff Bezos is getting what little there is.

    Hell! H&M was in the news yesterday because their sales have slumped dramatically and they still have Halloween merchandise to get rid of as well as Christmas stock despite huge markdowns.

    And the CEO of Sears, Eddie Lambert, receives a salary of $1, because he opted instead to receive his money in the form of a stock bonus which was $850,000. How many of us get paid that much a year while the company we work for is shuttering doors, left and right and with no end in sight?

    Despite company’s struggles, Sears CEO gets raise
    https://www.msn.com/en-us/money/companies/despite-companys-struggles-sears-ceo-gets-raise/ar-AAvfEkW?li=BBnbfcL

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  2. Shelby, I think it’s safest to assume that everything Trump says is a lie. My personal view is that the main reason he wants to punish Bezos is that Bezos owns the Washington Post, which has been strongly pushing the Deep State disinformation that Trump colluded with the Russians to win the election.

    In my mind, the way US billionaires parade their wealth is obscene. Fifty years ago the filthy rich had the good sense to keep that kind of thing hidden.

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  3. Luckily he still has $107 billion to get by on. Did you know: If you had a stack of one dollar bills and you counted them at the rate of one per second, it would take you nearly two weeks to count one million – if you don’t have food, sleep and toilet breaks. To count $1 billion would take more than 30 years! If you start today, you’ll get to $100 billion in the year 5279 CE. Just to put these b*****ds “wealth” in perspective!

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