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Create financial analysisfrom amazon.com 2 0 2 1 article attached... intervene in the company's success. He also accused Amazon of driving retailers out of business
Create financial analysisfrom amazon.com article attached... intervene in the company's success. He also accused Amazon of driving retailers out of business and
using its bargaining power to pay the US Postal Service less than cost for delivering parcels. This was
not the first attack from President Trump, who had been signaling his displeasure with the company
since Some suggested that Trump was motivated by Bezos's ownership of The Washington Post,
which had publicly criticized the President. The March attack triggered a fall in the share price.
Whatever President Trump felt about Amazon, his arguments were not without merit. Amazon was
not collecting sales taxes from Marketplace suppliers, even those using Fulfillment by Amazon, putting them at an advantage to both Amazon itself and all other retailers; retailers were going bankrupt
around the world in the face of Amazon's onslaught; and some Wall Street analysts estimated that Amazon paid the US Postal Service of what they would have to pay to UPS to deliver the sam
parcel.
Meanwhile, Amazon attracted heavy criticism for its process of choosing a city to host its second headquarters. In September Amazon announced that it was looking to build a $ billion second
headquarters HQ in North America. In response, cities began competing for the honor, offeringbillions in tax breaks and exemptions. In November Amazon decided that would be split
between New York City and Arlington, Virginia. Community organizers and lawmakers in New
York City criticized the decision, arguing that Amazon's presence would accelerate gentrification and negatively impact the city's poor. Facing this pressure, in February Amazon abandoned its plans for a New York City campus. Despite growing criticism, Amazon remained popular with customers.
In March Amazon found itself in the crosshairs again, as US Senator and presidentialcandidate Elizabeth Warren called for the breakup of the United States' tech giants, includingAmazon. Then, in July the European Union launched an investigation into Amazon's use of thirdparty data on its platform.
In early there was no indication that legislative and regulatory scrutiny of Amazon would subside after Presidentelect Joe Biden took office. The incoming Biden administration had laid out a more favorable policy agenda for organized labor, and it was likely that corporations would see higher taxes, but it remained unclear just how aggressively the new administration would pursue antitrustsuits against Amazon and the other tech giants.
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