The Ongoing Saga Between Amazon, Bezos And Trump

President Donald Trump proved he’s still got the magic touch. With fewer than 140 characters, Trump pushed Amazon.com, Inc. AMZN's stock lower Wednesday in pre-market trading.

“The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!” he tweeted.

The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!

— Donald J. Trump (@realDonaldTrump) June 28, 2017

The stock immediately plunged about $8 per share before recovering by the market open.

It’s not the first time Trump has targeted Amazon for its relationship with The Washington Post. In May 2016, he accused Amazon CEO and Founder Jeff Bezos, also owner of The Post, of anti-trust violations and tax conspiracy.

“[Amazon] is getting away with murder tax-wise,” he told Fox New’s Sean Hannity. “He’s using The Washington Post for power so that the politicians in Washington don’t tax Amazon like they should be taxed.” Prior to that, the pair sparred on Twitter Inc TWTR over the matter.

The @washingtonpost, which loses a fortune, is owned by @JeffBezos for purposes of keeping taxes down at his no profit company, @amazon.

— Donald J. Trump (@realDonaldTrump) December 7, 2015

Finally trashed by @realDonaldTrump. Will still reserve him a seat on the Blue Origin rocket. #sendDonaldtospace https://t.co/9OypFoxZk3

— Jeff Bezos (@JeffBezos) December 7, 2015

Shares closed down nearly $5 that day and entertained an intraday range of $15.

Amazon isn't the first stock proven vulnerable to Trump’s flightly fingers. Since his entry into politics, Trump has used his personal Twitter account to convey sentiment on various American institutions, such as The New York Times Co NYT, Boeing Co BA, Lockheed Martin Corporation LMT, Nordstrom, Inc. JWN and General Motors Company GM.

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