Trump tweet: Amazon hurting retailers

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Amazon.com shares fell about 1% this morning to $975.19 after President Donald Trump once again unloaded on the online giant, Bloomberg reports.

Tweeting, Trump accused Amazon of causing “great damage to tax paying retailers,” and of destroying industry jobs.

“Towns, cities and states throughout the U.S. are being hurt—many jobs being lost!” the president tweeted.

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Bloomberg writes that Trump’s reference to “great damage” echoes chatter in Washington and academic circles that Amazon and other technology companies may have become too big and powerful.

Read Bloomberg’s full story.

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