Amazon shares fell seven percent following a report on President Trump’s “obsession” with using antitrust laws against Amazon, or changing the company’s tax treatment.
“The president has said many times before he’s always looking to create a level playing field for all businesses and this is no different and he’s going to always look at different ways, but there aren’t any specific policies on the table at this time,” press secretary Sarah Sanders said.
Although no real policy or regulatory changes have been made, the report caused Amazon’s value to slip by $53 billion.
Facebook has recently made headlines for the data breach scandal involving Cambridge Analytica, and Facebook CEO Mark Zuckerberg has agreed to testify before Congress, but Trump does not seem interested in how the platform handles user data.
In the past, Trump has voiced his distaste with Jeff Bezos, Amazon, and the Washington Post, both of which Bezos owns.
Thursday morning Trump expressed that his disdain with Amazon, which he believes is killing shopping malls and mom-and-pop shops, precedes the presidency
