Jeff Bezos, Elon Musk and the Billions of Ways to Influence an Election

Published On Oct 30, 2024, 11:42 AM

Elon Musk and Jeff Bezos are taking different approaches to the upcoming presidential election, showing contrasting strategies in their impacts on their businesses and public perceptions. Musk has dramatically aligned with Donald Trump's campaign, heavily investing his public persona in its success. In contrast, Bezos faced backlash after pulling a significant endorsement for the Democratic nominee, Kamala Harris, leading to a mass exodus of subscribers from The Washington Post, which he owns. This incident has raised questions about his influence and the sustainability of his media asset amidst changing political narratives and public sentiments.

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Stock Forecasts

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Negative

The falling subscriber numbers for The Washington Post indicate a potential weakening of Bezos's media influence and could impact the broader trust in Amazon as a brand associated with him. This may lead to negative performance for Amazon's stock in the short term as the fallout from this incident is analyzed by investors. Investors should be cautious until a clear recovery strategy is presented by Bezos and the Post.

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