“Congratulations to @realDonaldTrump. I for one give him my most open mind and wish him great success in his service to the country,” Amazon CEO Jeff Bezos wrote on Twitter.
Amazon.com CEO Jeff Bezos on Thursday congratulated President-elect Donald Trump, even as the shares of the world’s largest e-commerce player have taken a beating that seems to stem from the Republican’s surprising victory.
“Congratulations to @realDonaldTrump. I for one give him my most open mind and wish him great success in his service to the country,” Bezos wrote on Twitter.
Bezos is also the owner of The Washington Post, which aggressively investigated the Republican candidate during the campaign.
During May, in the heat of a fiercely fought political battle, Trump singled out Bezos, his ownership of The Post, and Amazon, highlighting potential antitrust issues with the e-commerce giant. In October, Bezos criticized Trump at a conference in San Francisco, calling the then candidate’s combativeness toward media scrutiny inappropriate, according to news reports.
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The perceived rivalry, as well as Trump’s avowed skepticism about trade pacts that have helped bolster imports, have fostered questions about how Amazon will fare in a geopolitical environment where Trump presides over the world’s largest economy and Amazon’s home base.
Experts have downplayed any big impacts stemming from decisions made by a Trump administration, but Amazon has lost billions in market capitalization since Tuesday.
Shares on Thursday were down 3.6 percent at $744, at a time when the wider stock market was climbing, having shed its initial trepidation about a Trump presidency. Amazon’s market capitalization hovered around $342 billion, down significantly from its recent peak of more than $400 billion.