Hedge fund supervisor: Trump requested me if Amazon is a monopoly


President Trump’s beef with Amazon got here into view once more this week.

Hedge fund billionaire Leon Cooperman of Omega Advisors, in a tv interview on CNBC Thursday, spoke of a remark he says Trump made to him about Amazon at a White Home dinner with enterprise executives final summer season.

“Twice he requested me if I assumed Amazon was a monopoly,” Cooperman mentioned. “I mentioned, ‘No Mr. President I do not assume it’s. I believe they’ve out executed folks and carried out an excellent job.’ ” (CNNMoney was unable to achieve Omega Advisors for remark, and Amazon declined to remark.)

Trump at occasions mingles his grievances with Amazon together with his criticism of the Washington Publish. Amazon’s founder and CEO, Jeff Bezos, owns the Publish.

On Twitter, Trump has referred to the “Amazon Washington Publish.”

Trump has claimed that Amazon is utilizing monetary losses on the Publish to decrease Amazon’s tax invoice, however Amazon doesn’t personal the Publish.

Trump has prompt that Amazon does not pay taxes. Amazon collects sales taxes in every state.

Trump has additionally claimed that Bezos is utilizing the Publish to cease congressional investigations into Amazon’s “no-tax monopoly.”

Then there’s Trump’s antitrust declare.

Throughout the marketing campaign, he advised Fox’s Sean Hannity that Bezos has “a huge antitrust problem.”

In August he tweeted that “Amazon is doing nice injury to tax paying retailers. Cities, cities and states all through the U.S. are being damage – many roles being misplaced!”

In August, the Federal Trade Commission, which nonetheless does not have a Trump appointee as a commissioner, declined to dam Amazon’s purchase of Whole Foods.

The Trump administration’s Justice Division has filed an antitrust lawsuit looking for to dam AT&T’s buy of Time Warner (TWX), proprietor of CNN, which Trump has repeatedly criticized.

CNNMoney (New York) First printed December eight, 2017: 6:50 PM ET





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