AMAZON FACES TRUMP WRATH, STOCK PLUNGE

Trump hates Amazon, not Facebook

Capitol Hill wants Facebook’s blood, but President Trump isn’t interested. Instead, the tech behemoth Trump wants to go after is Amazon, according to five sources who’ve discussed it with him. “He’s obsessed with Amazon,” a source said. “Obsessed.”

What we’re hearing: Trump has 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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  • 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 thinking: Trump’s wealthy friends tell him Amazon is destroying their businesses. His real estate buddies tell him — and he agrees — that Amazon is killing shopping malls and brick-and-mortar retailers.

  • Trump tells people Amazon has gotten a free ride from taxpayers and cushy treatment from the U.S. Postal Service.
  • “The whole post office thing, that’s very much a perception he has,” another source said. “It’s been explained to him in multiple meetings that his perception is inaccurate and that the post office actually makes a ton of money from Amazon.”
  • Axios’ Ina Fried notes: The Postal Service actually added delivery on Sunday in some cities because Amazon made it worthwhile.
  • Trump also pays close attention to the Amazon founder’s ownership of The Washington Post, which the president views as Bezos’ political weapon.

Trump never talks about Mark Zuckerberg or Facebook: He isn’t tuned in to the debate over how they handle people’s data, and thinks the Russia story is a hoax, sources say.

Amazon loses more than $30 billion in value on report Trump wants to ‘go after’ company’s tax treatment

President Trump reportedly wants to ‘go after’ Amazon by changing its tax treatment from CNBC.

  • President Trump is “obsessed” about going after Amazon, a source said, according to Axios.

  • Trump has discussed altering the company’s tax treatment because several of his friends told him Amazon is hurting their businesses and “killing shopping malls and brick-and-mortar retailers,” the report says.

President Donald Trump is not a fan of Amazon.

Axios is reporting that Trump wants to “go after” the e-commerce giant, citing five sources who have talked about Amazon with him.

“He’s obsessed with Amazon,” one source told the media outlet. “Obsessed.”

Trump has discussed altering the company’s tax treatment because several of his friends told him Amazon is hurting their businesses and “killing shopping malls and brick-and-mortar retailers,” according to Axios.

Amazon shares fell 4.6 percent Wednesday after the report, wiping out more than $33 billion in shareholder value.

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