Trump Tweets, Amazon Drops
Just about the only person that currently can negatively impact Amazon is President Donald Trump. This morning he tweeted:
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Amazon’s stock lost about $5.7 billion in market valuation in under two hours but has regained this loss by mid-day.
This is just a bit of a prime example of overreaction anytime Amazon makes it into the news. There is no real impact on Amazon with this tweet by President Trump, and of course Amazon is not going to change their business model.
The company can actually claim that it is putting people to work with its third party Marketplace, which they just recently announced sold over 2 billion to date this year.
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Richard Meldner
Richard is co-founder of eSeller365. He has over 17 years of experience on eBay which includes tens of thousands of sales to buyers in over 100 countries and even has experience with eBay’s VeRO program enforcing intellectual property rights for a former employer. And for about two years Richard sold products on Amazon using Amazon FBA in the US.
To “relax” from the daily business grind, for a few weekends a year, he also works for IMSA as a professional race official.