Mar 28, 2018

Amazon shares tumble on fear of Trump

Expand chart
Data: Money.net; Chart: Axios Visuals

Amazon shares shed more than $31 billion of value following an Axios report this morning that President Trump has been talking about going after Amazon on taxes or anti-trust grounds.

Be smart: Amazon isn't alone in the pain, as Axios' Dan Primack notes the "so-called FANG stocks have had a terrible week, losing a combined $168.6 billion in market value over the past five trading days."

  • Facebook stock down 8.34%. $42.12 billion in lost market cap.
    Amazon stock down 8.74%. $66.3 billion in lost market cap.
    Netflix stock down 8.5%. $11.49 billion in lost market cap.
    Google stock down 6.52%. $48.67 billion in lost market cap.

What they're saying: White House Press Secretary Sarah Sanders told reporters today that Trump is "always looking to create a level playing field for all businesses and this is no different."

Go deeper: The W.S.J. notes that Amazon and fellow tech stocks are running into the collision of political and economic forces.

Go deeper

Amazon flexes its formidable shipping arm

Illustration: Sarah Grillo/Axios

After conquering e-commerce and cloud computing, Amazon is claiming its spot at the very top of the massive shipping industry this holiday season.

Why it matters: Logistics might make your eyes glaze over, but it's one of the key businesses of the future — and it could become Amazon's next windfall. The industry is already worth $1.5 trillion, and it'll get even bigger as more and more people order everything online.

Go deeperArrowDec 18, 2019

Amazon wants Fire TV in more cars and devices

Amazon Fire TV products. Photo: Dia Dipasupil/Getty Image

Amazon made a series of moves at CES in Las Vegas, most notably announcing deals to get its Fire TV software built into more televisions, soundbars and even the back seats of cars.

Why it matters: In tech, it pays to control the operating system. Amazon found itself on the outside looking in when it came to smartphones, and wants to maintain a strong position in smart TVs, speakers and other emerging consumer devices.

Go deeperArrowJan 6, 2020

2019 stock market gains still leave Trump behind his predecessors

Data: FactSet; Chart: Axios Visuals

The S&P 500 has jumped 42% under President Trump — according to market data from the inauguration through 2019's final day of trading.

Why it matters: Trump uses the stock market's surge as a barometer of his presidency's success — one that, along with the 50-year low unemployment rate, he's sure to continue to tout as the 2020 election approaches — but the gains under him lag those under former Presidents Barack Obama, when stocks rebounded from the lows of the financial crisis, and George H.W. Bush.