(THE INDEPENDENT) -- Donald Trump briefly wiped around $5.7bn off the stock market valuation of Amazon on Wednesday, with a tweet attacking the online retail giant for “doing great damage to tax paying retailers”.
Amazon’s shares lost 1.2 per cent of their value in two hours of pre-market trading after Mr Trump's comments. They regained the lost value after markets opened in New York, trading down up 0.33 per cent by lunchtime.
The President tweeted: “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the US are being hurt - many jobs being lost!”
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