Amazon flat after being up 1.6%
Trump has wanted to pick a fight with Amazon forever and he decided to step it up today in a week where tech is struggling.
What he doesn’t seem to understand is that Amazon actually subsidizes the postal system.
Here’s what Axios reports: “The whole post office thing, that’s very much a perception he has,” another source said. “It’s been explained to him in multiple meetings that his perception is inaccurate and that the post office actually makes a ton of money from Amazon.”
They have more on his obsession with Amazon. They say it’s because his wealthy friends tell him Amazon is destroying their businesses. His real estate buddies tell him – and he agrees – that Amazon is killing shopping malls and brick-and-mortar retailers