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Amazon stock falls as Trump tweets about antitrust concerns

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The Supreme Court ruled in June that states have the right to collect potentially billions of dollars in taxes from internet sales — a decision that left Amazon largely unaffected.
President Donald Trump is again taking aim at Amazon for „using“ the U. S. Postal Service as its „delivery boy,“ raising the possibility of bringing antitrust claims against the company.
Trump railed against the e-retailer and the newspaper — both owned by billionaire Jeff Bezos — in a series of tweets Monday morning, claiming the newspaper has „gone crazy“ against Trump in the months since Amazon „lost the Internet Tax Case in the U. S. Supreme Court.“
Shares of Amazon fell nearly 2 percent in early trading following the President’s tweets.
The Supreme Court ruled in June that states have the right to collect potentially billions of dollars in taxes from internet sales — a decision that left Amazon largely unaffected .
The Trump administration has been notably tough on antitrust matters, blocking chip company Broadcom ’s proposed acquisition of Qualcomm and challenging telecom giant AT&T ’s merger with Time Warner.
This story is developing. Please check back for updates.

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