Amazon shares drop after Trump tweet

Shares in Amazon.com fell by 0.3 percent Wednesday morning after President Trump tweeted that the retailer is “doing great damage” to businesses and causing widespread job losses, according to Reuters. 

“Amazon is doing great damage to tax paying retailers. Towns, cities, and states throughout the U.S. are being hurt – many jobs being lost!” Trump tweeted.

Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!

— Donald J. Trump (@realDonaldTrump) August 16, 2017

{mosads}The company’s shares fell to $980.00 in premarket trade shortly after Trump’s early-morning tweet, which followed another tweet emphasizing “JOBS!” and targeting the high-profile CEOs who resigned from the president’s American Manufacturing Council. 

At around 10 a.m. Wednesday, the shares fell to $973.78, though they began to recover after that.

Amazon CEO Jeff Bezos owns The Washington Post, which has been critical of Trump. In an op-ed late Tuesday, the paper condemned Trump’s remarks about the violence at a white supremacist rally in Charlottesville, Va., saying he had “all but declared” his support for racists.

Trump has in the past linked the Post to Amazon, calling it the “Amazon Washington Post” and accusing it for being a “lobbyist weapon” against politicians. 

The Post is one of the many news outlets frequently targeted by Trump as “fake news” in his offensive against many mainstream news publications.