Former President Donald Trump is one of the most followed accounts on Twitter, now known as X, with more than 80 million followers.
Over the years, Trump used the platform to attack individuals and companies. Here’s a look back at an attack on one of the largest companies in the world.
What Happened: E-commerce giant Amazon.com, Inc. AMZN is one of the largest companies in the world, valued at over $1.3 trillion.
The company has changed many things for consumers over the years, making it easier to buy items and have them delivered directly to their homes.
But back in 2018, Trump took on the e-commerce giant in a battle that involved the U.S. Post Office.
“Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed. Also, our fully tax paying retailers are closing stores all over the country…not a level playing field!” Trump tweeted on April 2, 2018.
A report from The Verge said Trump wanted to double the shipping costs that Amazon. Trump accused the post office of being Amazon’s “delivery boy.”
This wasn’t the only time Trump attacked Amazon or its founder Jeff Bezos. Trump has also accused Bezos of using the Washington Post newspaper, which the Amazon founder purchased in 2013, as a way to attack the former president.
In 2020, Trump would also go on the offensive and attack Amazon again, using the Post Office as an alleged example of the unfair practices the company does.
“Amazon and others in that business, should be charged (by the U.S. Postal System) much more per package, and the Post Office would be immediately brought back to ‘good health,’ now vibrant, with ALL jobs saved. No pass on to customers. Get it done!” Trump tweeted on Aug. 18, 2020.
Related Link: If You Invested $1,000 In Trump NFTs, Here's How Much You'd Have Today
Investing $1,000 in Amazon Stock: As previously shared by Benzinga, investing in items such as Bitcoin and Apple stock at a time when Trump is criticizing them can turn into a winning investment. The same can be said for Amazon stock.
Investors who invested $1,000 in Amazon stock on April 2, 2018, when Trump attacked the company, would have been able to purchase 14.11 shares based on a split-adjusted price of $70.88.
The $1,000 investment would be worth $1,831.62 today, based on a price of $129.81 for Amazon shares at the time of writing.
This represents a return of 83.2% over the last five-plus years for investors.
For comparison, the same $1,000 invested in the SPDR S&P 500 ETF Trust, which tracks the S&P 500, would be worth $1,656.74 today. This represents a return of 65.7% over the same time period.
This goes to show that investors who bet against Trump this time outperformed the market.
Read Next: Donald Trump Has 48-Point Lead In Republican Poll After He Skips Presidential Debate
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