Donald Trump’s Vicious Vendetta Against ‘Washington Post’ Could Harm Amazon With Antitrust.
- During his candidacy for President, Jeff Bezos, Amazon’s founder & Chairman/CEO, was vocal in his opposition for Trump — and like so many he never, for a nanosecond, thought Trump would win.
- Jeff Bezos bought The Washington Post in 2013 — and it is one of the newspapers that has been a constant thorn in Trump’s derriere continually breaking damaging and embarrassing stories about the star-crossed Trump administration & family.
- Trump, with his simplistic way of thinking, figures that Amazon is ‘unamerican’ in that it has hurt other American businesses and in his mind, does not pay enough tax (though we know what Trump thinks about paying his own personal taxes).
In the July 22, 2017 early-morning Tweet he, in print, tied together Amazon and the Washington Post — though they, legally, only have Jeff Bezos as a common factor, neither Amazon or WP having a financial stake in the other.
Among the powerful arsenal of unilateral powers that Trump wields is that of being able to get the Department of Justice (DoJ) to open an antitrust investigation into Amazon. Amazon shares will drop 20% on that news — which will not in itself be disastrous since AMZN is up 37% YTD and 186% over the last three years. Antitrust will not kill Amazon. It will just slow its progress. I started working for IBM (albeit in the UK) in 1974 when it was in the midst of its long drawn out antitrust travails. It was a pain. Just had to double, triple guess all decision and document everything. Amazon will prevail but it will get ‘winged’.
Trump is vindictive as we know and Amazon is an easy target. So this bothers me.
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