Amazon Stock Value Drops Amidst Trump/Bezos Feud And Bezos Marital Affair
As we have said before, Amazon need not fear anti-trust problems.
“Jeff Bezos, the founder of Amazon and the owner of The Washington Post, accused the nation’s leading supermarket tabloid, The National Enquirer, of blackmail on Thursday, laying out an alleged scheme that brought international intrigue and White House politics to the publication’s exposure of his extramarital affair last month,” the New York Times reported today. On January 28th, The Enquire devoted 11 pages to the story of Mr. Bezos’ affair with Lauren Sanchez, a former host of the Fox show.
The Enquirer said that they had tracked the couple “across five states and 40,000 miles,” observing them as they boarded private jets, rode in limousines and repaired to “five-star hotels,” the Times reports.
Bezos said the National Enquirer attempted to blackmail him by threatening to publish ten intimate photos unless Bezos stopped an investigation into how the tabloid obtained his private messages and images. Bezos claims that the articles are “politically motivated or influenced by political forces,” and that America Media Inc., the Enquirer’s parent company, are friends of President Trump.
In a statement to The Daily Beast, de Becker said his investigation was ongoing but that “strong leads point to political motives.” In his blog post, Bezos wrote that there are now “several independent investigations looking into this matter.”
OUR FREE OPINION
First, who cares whether Bezos is having an affair. However, the thrust of the reports on this issue is focused on whether President Trump is somehow behind this. It has been clear that Trump and Bezo do not like each other—both parties have made that abundantly clear. But there may be some unexpected fallouts from this angst.
Amazon’s stock, according to ALPHR has dropped. The site reports “Yesterday, Amazon’s stock fell 4.4%, knocking around $31 billion off the company’s value. The possible reason? An Axios report highlighting President Donald Trump’s continued desire to “go after Amazon,” possibly with anti-trust regulation. The report claims to come from five sources who have discussed the company with him: “he’s obsessed with Amazon,” said one of them. “Obsessed.”
As we have said before, Amazon need not fear anti-trust problems. We believe this is nothing more than a tabloid gossip matter.