Home Daily Blitz Why Did Jeff Bezos Make Nice With Trump? Amazon Depends On It

Why Did Jeff Bezos Make Nice With Trump? Amazon Depends On It


forbes-articleThe following is an excerpt from Ryan Mac | November 10, 2016 | Forbes.com |

When someone threatens your businesses, denigrates your employees and accuses you of wielding undue influence over Washington politicians, what do you do? Congratulate him.

Amazon.com AMZN -3.82% CEO Jeff Bezos made his first public statement on the election results on Thursday, taking to Twitter to send well wishes to President-Elect Donald J. Trump.

“Congratulations to @RealDonaldTrump,” he wrote. ”I for one give him my most open mind and wish him great success in his service to the country.”

The 109-character message could be read as Bezos’ concession to a man with whom he’s maintained a distant, albeit contentious relationship. In the last year, Trump has fired shots at Amazon, which Bezos founded, and The Washington Post, which Bezos owns, going as far as to threaten the online retailing giant and the newspaper with antitrust and tax investigations during his campaign.

Those threats are no longer empty for Amazon’s CEO and shareholders. Since Trump’s victory, the company’s stock has dropped more than 6% as investors ponder whether the President-Elect will follow through on one of his many promises.

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