Amazon lost $ 60 billion in less than a week because of Donald Trump's tweet.

Amazon has lost more than $ 60 billion in market capitalization since March 28 after criticism of US President Donald Trump on Twitter.
Amazon's stock plunged into turmoil on Tuesday with new criticism from US President Donald Trump. Mr. Trump continued to attack the technology giant for a deal he deemed unfair with the US Postal Service and accused Amazon of wasting taxpayers' money.After experiencing the strongest fall of the day on April 2, Amazon's stock price rose when it opened the trading session the following day. However, after Trump's tweet, the stock turned red before recovering. At the close of trading on April 4, the company's shares rose slightly more than 1%.
According to Axios, Donald Trump is seeking to change the taxation of Amazon and suspicions that the company is taking anti-competitive measures. President Trump has repeatedly asserted that he is seeking to fight the company of billionaire Jeff Bezos despite not giving any specific policy proposals.However, Trump's threat has caused trouble for Amazon's investors. Shares of the company fell more than 7% in the past five days and fell nearly 9% in the past month.
In a recent post on Twitter, the president continues to assert Amazon is causing the US Postal Service (USPS), a government agency, to suffer heavy losses on delivery to the carrier.Mr. Trump said that Amazon should spend more on USPS services instead of taxpayers lost billions of people due to the loss. Some people doubt the validity of the criticism of the president.
According to Fox Business, although the USPS suffered severe financial hardship in recent years, the parcel is still the highlight of the company. Experts also point out that if the USPS increases prices with Amazon, the technology giant may agree with another carrier because of the large number of packages it needs to deliver that will provide a very competitive advantage. great.