Amazon in collision course with regulators

(FinancialPress) — President Trump has been very open about his distaste towards Amazon (AMZN) and its founder, Jeff Bezos.

The President tweeted out last week that he had “stated my (his) concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!”

Donald J. Trump

@realDonaldTrump

I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!

President Trump‘s tweet came after Axios reported that he is determined on enforcing regulations on Amazon – a path very divergent to the one lawmakers are headed down to. The latter are searching for ways to regulate the way user data is handled and used by Facebook (FB), Twitter (TWTR), and Google (GOOGL).
This is but a new page in the long running feud between Trump and Bezos. In the past, Trump has been quoted labeling Bezos-owned The Washington Post as “fake news“ and “lobbyists for Amazon“, to name a few criticisms.
Even if President Trump isn‘t able to sway DC lawmakers into regulating Amazon for what he believes are anti-trust practices, he can immediately affect the company by interfering with its Department of Defense contracts.
Strategas analyst Dan Clifton chimed in on the subject on his company‘s behalf: “Our overall view remains that Alphabet and Facebook have direct regulatory issues in front of them. Amazon remains a political target, but is more difficult to regulate. The issue to watch with Amazon in the short run is a movement against the company receiving the sole award for cloud computing contracts for the Department of Defense.”
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