🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

Amazon donating $1 million to Trump inaugural fund, to air event on Prime Video

Published 12/12/2024, 10:22 PM
Updated 12/12/2024, 10:25 PM
© Reuters. FILE PHOTO: The Amazon logo is displayed on a sign outside the company's LDJ5 sortation center in the Staten Island borough of New York City, U.S. April 25, 2022.  REUTERS/Brendan McDermid/File Photo
AMZN
-
META
-

(Reuters) - Amazon (NASDAQ:AMZN) is donating $1 million to U.S. President-elect Donald Trump's inaugural fund and the company will air the event on its Prime Video service, an Amazon spokesperson said on Thursday.

The Prime Video represents an in-kind donation worth another $1 million, the spokesperson said. The donations were first reported by the Wall Street Journal.

Amazon joins another tech giant, Meta Platforms (NASDAQ:META), in donating to the Jan. 20 Trump inauguration. Meta will also give $1 million, a company spokesperson said.

Jeff Bezos, Amazon's founder and executive chairman, will meet with Trump next week, the president-elect said on Thursday in an interview with CNBC.

Trump has criticized the coverage of his first term as president by the Washington Post, which is owned by Bezos.

The Post decided not to endorse a candidate in the November presidential election. The decision blocked an endorsement of Democratic candidate Kamala Harris, according to National Public Radio.

© Reuters. FILE PHOTO: The Amazon logo is displayed on a sign outside the company's LDJ5 sortation center in the Staten Island borough of New York City, U.S. April 25, 2022.  REUTERS/Brendan McDermid/File Photo

Bezos defended the move not to issue an endorsement, saying in an opinion piece in the paper that "most people believe the media is biased" and the Post and other newspapers needed to boost their credibility.

Trump raised a record $106.7 million for his 2017 inauguration festivities.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.