Amazon stock down $53 Billion as Donald Trump speaks out against the monopoly

Donald Trump is sticking up for the little guys of America (and the rest of the world) after tweeting exactly what he thinks of Amazon.

On twitter President Trump criticizes the company for ‘putting many thousands’ out of business and its dodgy tax policy.

I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!

— Donald J. Trump (@realDonaldTrump) March 29, 2018

The president tweets have caused Amazon stock to fall 4.4 per cent wiping $53 billion from its stock price in just one day. It is clear from the free fall of Amazon’s stock price that investors are now spooked about the long term future of Amazon.

Sources close to the president have also revealed that he is thinking about going after the retail monopoly “with antitrust or competition law.”.