Trump apparently got up on the wrong side of the bed this morning with revenge on his mind after the poor Q & A in the Tower lobby, and he lashed out at relatively easy targets.
Donald Trump wiped around $5.7bn dollars off the stock market valuation of Amazon in less than two hours on Wednesday, with a tweet attacking the online retail giant for “doing great damage to tax paying retailers”.
Amazon’s shares lost 1.2 per cent of their value in pre-market trading after Mr Trump's comments.
The President tweeted: “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the US are being hurt - many jobs being lost!”
Mr Trump has previously criticised Amazon and the Washington Post, owned by Amazon founder Jeff Bezos, for its coverage. In June, Mr Trump tweeted: “AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes“.
So he pulls the tweet off the front of his Twitter page and this is what one gets before the market opens…
NASDAQ: AMZN - Aug 16, 9:49 AM EDT
978.17USD
Open |
981.65
|
High |
981.75
|
Low |
975.30
|
so much for Trumpian peevishness...
Amazon.com, Inc.
NASDAQ: AMZN - Aug 16, 11:44 AM EDT
More interesting might be who profited in the short term from that withdrawn tweet, since it is not the first time we’ve seen these market effect tweets.
Trump (or his Twitter surrogate(s)) recently have been retweeting some controversial material, then pulling them when it’s pointed out how crazy the RT was.