KXIP vs KKR Live Score

Trump criticized Amazon for not paying their fair share in taxes on Thursday, the latest development in a feud that has lived on Twitter since 2016. He accused the firm of causing a "tremendous loss" to the U.S. government and "putting many thousands of retailers out of business".

Trump's critique comes after Amazon stock to a hit Wednesday following a report alleging that the former Apprentice host is "obsessed" with the online retailer.

Read Friday's Arkansas Democrat-Gazette for full details.

Washington and Pennsylvania recently enacted laws requiring collection of third-party merchants' sales taxes, and other states are expected to follow. As for the USPS, Amazon gets the same deal as other bulk sellers, writes Chris Isidore at CNN, and one of the sources quoted by Axios says aides have explained to the president "that the post office actually makes a ton of money from Amazon".

Trump kept up the attack Thursday and appears to have inaccurate information about the way Amazon runs its business.

Amazon shares fell as much as 4.5 percent in morning trade, but recovered and closed up just over 1 percent.

"There's no doubt that e-commerce is causing brick and mortar stores to close their doors", Behlke said.

Tim Cook casts corner-office shade on Mark Zuckerberg
Lawmakers have also floated tougher rules on the company and two Congressional committees have formally invited the Facebook CEO to testify.

Hunt underway for driver who tried to ram French soldiers
A driver is on the run after trying to ram a auto into a group of soldiers out jogging near their barracks in southeast France . The incident comes as victims of a hostage-taking at a supermarket in the south-western town of Trèbes are being buried.

Facebook Reveals the "Access Your Information" Data Tool and New Privacy Shortcuts
Last week, a U.K. parliamentary media committee summoned CEO Mark Zuckerberg to testify about how Facebook uses data, while U.K. The Privacy Shortcuts menu is also getting a simplified makeover to make the experience more visual and easier to navigate.

A USPS spokesperson declined to comment on Trump's comment.

White House spokeswoman Lindsay Walters said on Thursday: "The President has expressed his concerns with Amazon". He reportedly did not have any concrete plans for regulation, and after the report, press secretary Sarah Huckabee Sanders said the administration did not have any policy changes to announce.

While Amazon remains a very hard company to value on a free cash flow basis, due in large part to the fact that the company still has razor thin margins and remains a hard company to forecast earnings for, the company has continued to reinvest in its extremely high ROE business, one which has swallowed up global market share at an unbelievable pace.

But it's not the first time Trump has gone after the retail giant.

There's no mention of a possible integration with Amazon Prime, but it's more than likely that an Amazon banking service could be included in the retailer's popular subscription service. While consumption habits, the over-supply of malls and megastores like Walmart played a role, so did e-commerce.

Amazon founder Bezos also privately owns the Washington Post, which won a Pulitzer Prize previous year for its investigation of Trump's donations to charities.


COMMENTS