Trump lashes out at Amazon and sends stocks tumbling

The president escalated his attack on Amazon, alleging the company shortchanges taxpayers and puts traditional retailers out of business

President Trump escalated his attack on Amazon on Thursday, alleging the retail and cloud-hosting behemoth shortchanges taxpayers and attacking its use of the US Postal Service and its impact on traditional retailers.

"I have stated my concerns with Amazon long before the election," he wrote on Twitter. "Unlike others, they pay little or no taxes to state & local governments, use our postal system as their delivery boy (causing tremendous loss to the US), and are putting many thousands of retailers out of business!"