Presidential post

Trump's "Delivery Boy" tweet helps wipe ~$53B off Amazon

When: 29 Mar 2018 Confidence: Pending Review Market window: ±nulld ⇄ Cascade map

March 29, 2018: Trump tweeted that Amazon pays "little or no taxes" and uses the Postal Service as its "Delivery Boy." Amazon (AMZN) fell roughly 6% by the close — its worst stretch in about six weeks — erasing on the order of $53 billion in market value. The post followed an Axios report that Trump was looking for ways to curb Amazon; Jeff Bezos also owns The Washington Post, a frequent target. (Sources: CNN Money, Washington Post, Fortune, TIME — March 29, 2018.)

Source: https://money.cnn.com/2018/03/29/technology/trump-tweets-about-amazon-taxes/index.html

Who is positioned to benefit

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