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Trump says Amazon.com has 'a huge antitrust problem'

Trump says Amazon.com has 'a huge antitrust problem'

Postby smix » Fri May 13, 2016 1:02 pm

Trump says Amazon.com has 'a huge antitrust problem'
Reuters

URL: http://www.reuters.com/article/us-usa-e ... SKCN0Y4075
Category: technologyNews
Published: Thu, 12 May 2016 23:04:28 -0400

Description: WASHINGTON (Reuters) - U.S. Republican presidential candidate Donald Trump said on Thursday that Amazon.com, the world's biggest online retailer, has "a huge antitrust problem." In an interview on Fox News, Trump also said Amazon Chief Executive Jeff Bezos, who owns the Washington Post, is using the newspaper to influence politicians in Washington to help Amazon on taxes. "This (Washington Post) is owned as a toy by Jeff Bezos, who controls Amazon. Amazon is getting away with murder tax-wise. He's using the Washington Post for power so that the politicians in Washington don't tax Amazon like they should be taxed," Trump said. "He's using the Washington Post ... for political purposes to save Amazon in terms of taxes and in terms of antitrust," Trump said. "He thinks I'll go after him for antitrust. Because he's got a huge antitrust problem because he's controlling so much, Amazon is controlling so much of what they are doing," Trump said. Amazon did not immediately respond to a request for comment.
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Trump attacks Bezos after disclosure 20 reporters looking into candidate’s past

Postby smix » Fri May 13, 2016 6:26 pm

Trump attacks Bezos after disclosure 20 reporters looking into candidate’s past
MarketWatch

URL: http://www.marketwatch.com/story/trump- ... 2016-05-13
Category: Politics
Published: May 13, 2016

Description: Presumptive Republican presidential nominee Donald Trump attacked Jeff Bezos over antitrust and taxes after the disclosure that 20 reporters from the Bezos-owned Washington Post are examining the candidate. Trump told Fox News’s Sean Hannity that Bezos is wielding power he has from owning the influential newspaper. “He’s using the Washington Post for power so that the politicians in Washington don’t tax Amazon like they should be taxed,” Trump said. “He has a huge antitrust problem because Amazon is controlling so much.” The Washington Post’s Bob Woodward on Wednesday said at a conference they had 20 reporters devoted to Trump and were planning to write a book on the self-professed billionaire. The collection of local and state tax has long been a sensitive issue for Amazon. The company now collects taxes for 28 states, representing 84% of the country’s population. A group of authors has asked the Justice Department to examine Amazon on antitrust grounds. Amazon.com’s political-action committee this cycle has evenly divided its donations between Democrats and Republicans, according to OpenSecrets. Amazon has employed lobbyists on tax and antitrust issues in front of Congress, according to the Sunlight Foundation. Bezos personally has seldom made political donations. His last one was to Rep. Jason Chaffetz, the Utah Republican who chairs the House Oversight Committee. In 2009, Bezos and his wife donated to Sen. Patty Murray, the Washington Democrat. In a statement, Washington Post Executive Editor Martin Baron said Bezos has not directed news coverage about Trump. “As the individual who oversees The Washington Post’s news staff, I can say categorically that I have received no instructions from Jeff Bezos regarding our coverage of the presidential campaign — or, for that matter, any other subject. The Post has a long tradition of publishing thorough examinations of the major party nominees for president,” he said. The decision to publish a book on Trump came from the newsroom, he added. Bezos didn’t return a message seeking comment.
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Does Amazon Have Antitrust Issues as Donald Trump Has Alleged?

Postby smix » Fri May 13, 2016 6:41 pm

Does Amazon Have Antitrust Issues as Donald Trump Has Alleged?
TheStreet

URL: http://www.thestreet.com/story/13570770 ... ssues.html
Category: Business
Published: May 13, 2016

Description: Look out Jeff Bezos -- Donald Trump is coming for you. But should Amazon and its investors be worried? The presumptive Republican presidential nominee slammed Amazon founder and CEO Bezos in an interview with Fox News' Sean Hannity Thursday, accusing him of using The Washington Post, which he bought in 2013, as a tool to influence tax policy and implying the company engages in illegal monopolistic practices. "Every hour we're getting calls from reporters from The Washington Post asking ridiculous questions," he said. "And I will tell you, this is owned as a toy by Jeff Bezos...Amazon is getting away with murder, tax-wise. He's using The Washington Post for power so that the politicians in Washington don't tax Amazon like they should be taxed." Trump said he believes Bezos is worried that as president he will utilize antitrust laws to come after Amazon. "Because he's got a huge antitrust problem because Amazon is controlling so much of what they are doing. He's using The Washington Post, which is peanuts, he's using that for political purposes to save Amazon in terms of taxes and in terms of antitrust," he said. The GOP candidate's comments come in response to revelations from Post associate editor Bob Woodward Wednesday that the publication has assigned 20 staffers to dig into Trump's life and is also planning on a book. "There's a lot we don't know," he told the National Association of Realtors convention in Washington. "We have 20 people working on Trump, we're going to do a book, we're doing articles about every phase of his life." Shareholders should keep calm, however, even if Trump does capture the White House, says at least one analyst. "I assume he is highlighting its low prices and dominant market share," said Kerry Rice, analyst at Needham & Co., in an email. "I will say that Amazon operates in a highly competitive, free market. I am not sure there are any anti-competitive issues." Further Amazon has been accused of monopolistic practices in the past and has sloughed off those allegations. Last year, groups representing authors, agents and independent booksellers asked the Department of Justice to examine the company for antitrust violations. And Bezos' aggressive business practices raised eyebrows when the 2013 book "The Everything Store: Jeff Bezos and the Age of Amazon" recounted Amazon's takeover of Quidsi, the startup behind Diapers.com. When the company's founders refused Amazon's initial acquisition proposal in 2009, it retaliated with tracking bots to monitor Diaper.com's prices on diapers and other products and dramatically lowered its prices. Bezos eventually got his way and acquired Quidsi in 2010. But Trump's recent comments about Amazon and Bezos, while alarming, don't exactly provide clarity in terms of which of Amazon's practices he sees as problematic. What Trump sees as problematic about Amazon's tax practices is not clear, either. He has made similar allegations about the Post, Amazon and tax policy in the past, though he has never really gotten into specifics. He tweeted about the issue in December.
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
And in a February speech in Texas, Trump leveled more criticism and seemingly threatened negative implications for Amazon should win in November. "I have respect for Jeff Bezos, but he bought The Washington Post to have political influence, and I gotta tell you, we have a different country than we used to have," Trump said. "He wants political influence so that Amazon will benefit from it. That's not right. And believe me, if I become president, oh, do they have problems. They're going to have such problems." Amazon has been upping its lobbying efforts as of late. The Post reported in February that the company nearly doubled its lobbying expenditures in 2015, spending $9.4 million to influence Washington decision-makers on issues like online sales taxes, drones, computer cloud services, cyber security and welfare benefits. To be sure, it's not just Trump who doesn't like Bezos -- the feeling appears to be mutual. He responded to Trump's December attack with a tweet of his own -- his fourth ever -- mocking the real estate magnate.
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
Despite their distaste for one another, Bezos and Trump do have a business relationship, as Amazon sells some of Trump's products. However, that may change. Bezos is facing pressure from a petition organized by online advocacy group UltraViolet Action and signed by shoppers and investors to end the sale of Trump's menswear line and other products on its marketplace. Representatives for Amazon and the Trump campaign have not yet responded to request for comment. Amazon stock, which has been on a tear lately, reaching all-time highs in May, is down nearly a percent in early trading today.
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Trump says Washington Post owner Bezos has 'huge antitrust problem'

Postby smix » Fri May 13, 2016 7:03 pm

Trump says Washington Post owner Bezos has 'huge antitrust problem'
Fox News

URL: http://www.foxnews.com/politics/2016/05 ... oblem.html
Category: Politics
Published: May 13, 2016

Description: Republican presidential candidate Donald Trump lashed out at Washington Post owner Jeff Bezos Thursday, claiming that the founder of Amazon.com was using the newspaper as a tool to influence corporate tax policy. "Every hour we're getting calls from reporters from The Washington Post asking ridiculous questions," Trump told Fox News' Sean Hannity. "And I will tell you, this is owned as a toy by Jeff Bezos ... Amazon is getting away with murder, tax-wise. He's using The Washington Post for power so that the politicians in Washington don't tax Amazon like they should be taxed." Trump was responding to Post Associate Editor Bob Woodward's disclosure that the newspaper has assigned 20 reporters to investigate the real estate mogul's life. "We're going to do a book, we're doing articles about every phase of his life," Woodward told the National Association of Realtors convention Wednesday. The veteran reporter, best known for investigating the Watergate break-in that led to Richard Nixon's resignation, said he had begun investigating Trump's real estate deals in New York, which he called "more complex than the CIA." Bezos, who bought the Post in 2013 from longtime owners the Graham family, has donated to both Democratic and Republican elected officials. According to the website OpenSecrets, Bezos and his wife gave $4,800 each to Sen. Patty Murray, D-Wash., in 2009. The couple also gave $2.5 million to support a 2012 referendum legalizing gay marraige in Washington state. More recently, however, Bezos donated $2,700 this past September to Rep. Jason Chaffetz, R-Utah. "He thinks I'll go after him for antitrust," Trump said Thursday. "Because he's got a huge antitrust problem because he's controlling so much, Amazon is controlling so much of what they are doing. "He's using The Washington Post, which is peanuts, he's using that for political purposes to save Amazon in terms of taxes and in terms of antitrust." Neither Bezos nor Amazon had any immediate comment in response to Trump's claims. Woodward said Wendesday that Bezos had urged the Post to run as many stories as possible about all the presidential candidates so that voters can't say they were uninformed when they select the next president. "He said, 'Look, the job at the Washington Post has to be tell us everything about who the eventual nominee will be in both parties,'" Woodward said. "'15-part, 16-part series, 20-part series, we want to look at every part of their lives. And we're never going to get the whole story, of course, but we can get the best attainable."
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