Trump wants to hit Jeff Bezos where it hurts. But if he succeeds, he’ll be hitting consumers in the process. jbarro writes
Photo: Spencer Platt/Getty Images President Trump appears to have a vendetta against Amazon because he’s angry about how the Washington Post, owned by Amazon founder Jeff Bezos, has covered him and his administration. The company filed a complaint last week in the U.S. Court of Federal Claims, saying Trump had improperly interfered to prevent a $10 billion defense contract from being awarded to Amazon; it went to Microsoft instead.
When Trump has called for higher package-delivery prices, even Trump-skeptical press outlets have tended to give the president more credence than he deserves. After all, when he says the post office loses about $1.50 on every Amazon package it delivers, he’s not just pulling that number out of thin air; he’s citing a 2017 research note from Citibank. Right?
Until this year, that “appropriate share” was set by regulation at 5.5 percent. But in its 2017 note, Citi said package delivery had grown and grown as a share of post-office business, so a more appropriate share would be 24.6 percent. The problem is Citi did not realize the post office was already far exceeding its legal obligations under the appropriate-share rule. As of 2017, competitive-product sales were covering 23.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Amazon Claims Trump Blocked $10 Billion Contract Because He Hates Jeff Bezos“The question is whether the President of the United States should be allowed to use the budget of DOD to pursue his own personal and political ends,” Amazon wrote in its lawsuit, which faults Trump for losing out on a lucrative defense contract.
Leer más »
Priyanka Chopra and Nick Jonas to Exec Produce Sangeet Dance Show for AmazonThe untitled series is inspired by an Indian pre-wedding tradition that played an important role in the famous couple's own nuptials.
Leer más »
Amazon is giving away an Echo Dot for just $0.99 if you sign up for Amazon Music — here's how to get oneAmazon's Echo Dot is available for just $0.99 if you sign up for a $9.99 subscription to Amazon Music Unlimited.
Leer más »
Amazon van drivers' on-time delivery rate falls during Cyber WeekAmazon.com Inc van drivers' on-time delivery rate fell to 93.7% for the Cyb...
Leer más »
Pentagon 'departed from the rules' in JEDI bid due to Trump's pressure, Amazon claimsAmazon is accusing the Pentagon of awarding the military's cloud computing contract to Microsoft based on “improper pressure from President Donald J. Trump,” the technology giant said in a redacted version of a legal complaint
Leer más »
Amazon says its Nitro tech makes its cloud superior to Microsoft Azure - Business InsiderAmazon thinks its cloud is 'objectively superior' to Microsoft's because it has a custom chip called Nitro. Here's everything Amazon says the Pentagon missed with JEDI.
Leer más »