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Amazon loses $6 billion in market value following Donald Trump’s critical tweet

BGR India Friday, 18 August 2017
Donald Trump is quite a mess on Twitter. We’re not saying this, the world is. Ever since he became President of the United States — on the same day (November 8, 2016) as India had its own Satanic event in the form of demonetization — his irresponsible tweets have left the world fuming. In his latest Twitter saga, Trump is seen going after Amazon. The President tweeted that Amazon was “doing great damage to tax paying retailers”. In response, Amazon’s stock tumbled, and the Seattle-based giant lost $6 billion of its market cap in a day, according to reports. Amazon’s stock lost 1.2 percent within two hours of Trump’s tweet. While that might seem small a figure, for a company which is
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News video: Amazon Market Value Drops $6B After President Trump Tweet

Amazon Market Value Drops $6B After President Trump Tweet 01:19

After President Trump tweeted Amazon was hurting retailers, its market value lost billions of dollars. He's butted heads with the company before.

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