Trump’s Attack Against Amazon Seems To Be Working
Trump was attacking Amazon.com for some reason, citing it’s connection to the Washington Post, considered Fake News to Trump.
And now Amazon stock seems to be tumbling days after Trump’s attack. Many analysts consider Amazon stock a strong buy still, so this might be a good time to get in. But for me I’m losing money, thanks to Trump’s attack.
Why would he attack such a successful company?
If it’s because of the Amazon effect on brick-and-mortar stores, this has been going on for more than a decade.
In other words, it’s old news and it makes Trump look like he’s out-of-touch. Brick and mortar stores have been struggling for years. And I’ve mentioned this before about the Amazon effect on Borders Books & Music, a store that I wished was still around because it was a great hangout after seeing a movie, or after dining at a restaurant.
The reality is, the shopping malls will never be quite the same, although there are stores that have survived the Amazon effect and have learned to adapt and survive despite the challenges.
- Trump’s attack on Amazon has some basis in truth
- Trump attacks Amazon: ‘Doing great damage to tax paying retailers’
- On a chaotic day in DC, Trump goes after Amazon, again
How it Affects Me…
As I mentioned at the top of this post, my shares of Amazon are in the red. I’m showing a loss and at one point shareholders were really profiting quite well when the stock was around $1,050 a share. But I’m still holding for the long term, and can’t wait till the stock splits so I can gain more shares.
Amazon is obviously a highly successful company that is create thousands of new jobs. For Trump to attack one of the best American companies out there is ironic because he himself is a businessman. It only boils down to one possible explanation… Trump is jealous and outraged that at one point recently, Jeff Bezos became the richest person in the world.