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Trump vs Amazon: The President wipes $5.7bn from its market value

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Amazon saw $5.7 billion wiped from its stock market value yesterday as US President Donald Trump criticised the retailer on Twitter over its taxes. In his tweet, Trump accused the company of “doing great damage to tax paying retailers”, adding that “towns, cities and states throughout the US are being hurt”. This temporarily saw Amazon’s share price drop by 1.2 per cent, but this was remedied roughly two hours after morning trading began

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Trump vs Amazon: The President wipes $5.7bn from its market value

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