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Trump's tweet sends Amazon shares on a free fall

  • IndiaGlitz, [Thursday,August 17 2017]

President's Trump tweet on Amazon causing great damage to tax paying retailers made Amazon's shares fall as much as 1% which is equivalent to $5.7 billion off the value. Trump blamed Amazon and The Washington post owner Jeff Bozos for causing job losses across the US. Amazon had earlier mentioned that it still has 50,000 jobs to be offered across the US. Trump also said that Amazon has caused great level of damage to the retailers by converting to e-commerce.

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