Amazon Plans $1 Million Donation to Trump’s Inaugural Fund

Published On Dec 12, 2024, 8:31 PM

Amazon is donating $1 million to President-elect Donald Trump's inaugural fund, following a similar donation from Meta. This donation marks a shift as tech companies, previously in conflict with Trump, seek to improve their relationships with his administration. Jeff Bezos has recently expressed optimism about the incoming Trump administration, particularly regarding potential regulatory reductions. Amazon also plans to livestream the inauguration as it has done in the past. This trend highlights the business strategy of corporations aiming to gain favor with incoming political leadership.

Read full article

Stock Forecasts

AMZNView AMZN chart on TradingView

Positive

With Amazon positioning itself positively towards the incoming administration and the potential for regulatory relief, there may be a favorable environment for growth in Amazon's business operations and stock performance. Investors may see this as a signal for a rebound in stock performance due to less regulatory pressure.

Related News

Trump Says He’ll Begin Jan. 6 Pardons in ‘First Hour’ of Presidency

Dec 12, 2024, 8:00 AM

AMZN

Stock market today: Nasdaq tops 20,000 for first time as Big Tech surges, Tesla hits first record in 3 years

Dec 11, 2024, 4:06 PM

The CPI report sets the stage for the Federal Reserve's final interest rate decision of the year.

GOOG
AMZN
MSTR

Amazon is bringing Intuit QuickBooks software to its millions of third-party sellers

Dec 9, 2024, 4:01 PM

Amazon's marketplace sellers will be able to bring their sales and inventory data into Intuit QuickBooks through a new integration.

AMZN
INTU