Trump Tweets, Amazon Drops

Source: Amazon

Just about the only person that currently can negatively impact Amazon is President Donald Trump. This morning he tweeted:

Image: Twitter | President Donald Trump Tweet about Amazon on August 16, 2017
Image: Twitter | President Donald Trump Tweet about Amazon on August 16, 2017

Amazon’s stock lost about $5.7 billion in market valuation in under two hours but has regained this loss by mid-day.

This is just a bit of a prime example of overreaction anytime Amazon makes it into the news. There is no real impact on Amazon with this tweet by President Trump, and of course Amazon is not going to change their business model.

The company can actually claim that it is putting people to work with its third party Marketplace, which they just recently announced sold over 2 billion to date this year.

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