Posted on 11/20/2016 11:05:21 PM PST by Cronos
Amazon will almost certainly enjoy its biggest ever day on Black Friday next week.
The discount shopping event will help the American online retailer to continue its run of 22 years of unbroken and dramatic sales growth since it was founded in 1994 by Jeff Bezos. It is now valued at more than $375bn (£304bn), making it one of the biggest companies in the world.
However, despite the predicted spending spree on Black Friday, the rise of Amazon and Bezos now face arguably their biggest challenge yet - Donald Trump.
... The battle started last December with a series of seemingly unprompted tweets from Trump. “The Washington Post, which loses a fortune, is owned by Jeff Bezos for purposes of keeping taxes down at his no-profit company, Amazon,” Trump wrote. “If Amazon ever had to pay fair taxes, its stock would crash and it would crumble like a paper bag. The Washington Post scam is saving it!”
The Washington Post is owned through Bezos’s personal investment firm, rather than Amazon, and Trump did not provide any explanation for his allegation. Amazon’s tax policy is controversial and is already well-known around the world, including in Europe, where it agreed favourable tax arrangements with Luxembourg. Its profit margins are also notoriously thin. In 2015, Amazon recorded sales of $107bn but net profits of just $596m, a margin of barely 0.5%.
...The Republican presidential candidate then told Fox News that Amazon is “getting away with murder tax-wise” and has a “huge antitrust problem because he’s [Bezos] controlling so much”.
...Shares in Amazon dropped by almost 10% in the five days after Trump’s election, more than other technology companies such as Google and Apple
(Excerpt) Read more at theguardian.com ...
absolutely ! F um !
Amazon will NEVER see another dime from me , and I used to be a very solid , long term customer .
They banned my ancestral heritage flag , for present day p/c BS , I banned them and diss them every chance I get . To hell with Amazon & Bozos
I’m with you. I have a Fire Stick, a Fire TV and Prime, as well as three working Kindles and too much purchased digital music to dump Amazon at this point in the game.
That $99 per year for Prime is truly an astounding value.
Yes! Prime is awesome!!! It’s amazing how much content there is. 2000 B horror movies, eh? I’ve got some catching up to do, lol! :)
Aside from groceries, I do most of my shopping online, too. It’s just more convenient and cost-effective.
That it is.
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