Trump vs. Amazon

The stock is sliding… but who’s really got the power?

President Donald Trump is reportedly doubling down on his mission to take Amazon down.

Trump is “obsessed” with the e-commerce giant, a source told Axios. The president apparently believes that Amazon has unfairly received prime tax benefits and preferential treatment from the US Postal Service, hurting brick-and-mortar retailers.

The president hasn't been quiet about his negative feelings towards Amazon.

In December, Trump tweeted that the US Postal Service was undercharging Amazon and that it was making the “Post Office dumber and poorer.” In August, he tweeted that the company was “doing great damage to tax paying retailers.”

Trump has also repeatedly attacked The Washington Post, which is owned by Amazon CEO Jeff Bezos. The president claims the publication — which he once called the #AmazonWashingtonPost — peddles “fake news” and serves as a “tax shelter” for Amazon.

Distrust of Amazon is growing

Trump isn't the only American growing suspicious of Amazon.

Grab Your Wallet, an online anti-Trump campaign, has been encouraging people to boycott Amazon until the e-commerce giant stops selling Trump-related products and running ads on the far-right website Breitbart News.

The group redoubled calls to boycott Amazon after the company's recent refusal to cut the NRA's TV show from its streaming service.

While Amazon has been applauded for its impressive benefits, the company has been criticized following reports of long hours and poor working conditions in warehouses. Some white-collar workers have described a brutal working environment where people cry at their desks after being pushed to their breaking point.

Further, the search for a second headquarters has helped put a microscope on Amazon's lobbying efforts and its impact on cities — and not everything that is coming into focus is pretty.

While Amazon's explosive growth has transformed Seattle, many residents say that the changes haven't all been for the best.

Full story at Business Insider


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