Mar 28, 2018 - Technology

Amazon shares tumble on report Trump wants crackdown


Photo: David Ryder / Getty Images

Amazon slid 6% after market open on Wednesday morning after it was reported by Axios' Jonathan Swan that President Trump has privately discussed changing Amazon's tax treatment to help small businesses.

Why it matters: Amazon had a solid start to 2018 but this is the first major hit the company has taken this year.

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