Amazon responds to Trump criticism with stunning results but we do need to have a debate over its increasing power
The President has hit out at Jeff Bezos' company over tax and the impact on other retailers and the US Postal Service. His motivations are suspect
“Living well is the best revenge,” the great REM once sang.
Amazon’s Jeff Bezos seems to have taken the members of the sadly no longer active alternative rock band at their word in the wake of his feud with Donald Trump.
His e-commerce giant smashed Wall Street’s expectations for the first quarter of this year, with sales jumping 43 per cent. The cherry on top of the cake for investors was that Amazon, which has typically spent money faster than it makes it, also doubled profits when analysts had expected a fall.
Read more Jeff Bezos' wealth jumps $12bn in one day as Amazon shares soar 10% Surging Amazon revenue pushes shares to record high Amazon will now deliver packages to the boot of your car The resultant surge in its shares added $12bn (£9.3bn) Mr Bezos’ personal fortunate, taking it to a staggering $134bn. The Amazo..