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Piper Jaffray analyst says don't worry about Trump v. Amazon

Published 04/03/2018, 12:26 PM
© Reuters.  Piper Jaffray analyst says don't worry about Trump v. Amazon
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  • Piper Jaffray analyst Michael Olson says investors shouldn’t worry about President Trump’s continued criticism of Amazon (NASDAQ:AMZN).
  • Key quote: “Nothing can be certain, except death and taxes … and more Trump tweets on Amazon. Sales tax collection changes would have limited impact.”
  • The firm surveyed 2K U.S. consumers and found only 5% see sales tax as a critical factor in deciding where to shop.
  • Amazon shares are down 0.1%.
  • Previously: Amazon -1% on Trump tweet suggesting post office collusion (April 3)
  • Now read: Will MercadoLibre Maintain Its Leadership Vs. Amazon In The E-Commerce Sector In Latin America?


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