Amazon’s shares in collapse after Trump’s comment

Amazon’s shares have dropped significantly this Wednesday by 7.4 percent, generating losses of USD 53.6 billion, after Jonathan Swan revealed that president Donald Trump discussed privately about the preferential tax regime for the firm, to help small enterprises, according to Mediafax.

The Amazon’s shares value reached during Wednesday a drop by 7.4 percent to the level of USD 1.386 and to a market share of close to USD 681, with losses of USD 53.6 billion, says Reuters. This is the biggest drop registered by Amazon since January 29,2016 until the present.

The journalist Swan has shown that these fiscal dispute, as well as the unauthorized usage of personal data, that were expected to hit Facebook, have sprung in Amazon’s shares.