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Amazon Shares Dip Post President Donald Trump’s Tweet

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Amazon Shares Dip Post,President Donald Trump Tweet,President of the United States,Donald Trump,Amazon CEO,Donald Trump Today News,Startup Stories,amazon latest news,Latest Business News 2017

Shares of the global ecommerce firm Amazon dipped on Wednesday after the President of the United States Donald Trump tweeted regarding the ecommerce company. 

 


This early morning tweet by the President cost the company close to $ 6 billion in market value and a 0.5% dip in the stock or about $ 5 per share. The shares of Amazon.com Inc., slipped 0.3% in the premarket trade and dipped by a further 0.9% a few minutes after the tweet.

 

The tweet was in response to The Washington Post’s  editorial with the headline, “Mr. Trump gives comfort to racists,” which criticized President Trump’s comments following the tragedy in Charlottesville, Virginia. The Washington Post is owned by the Amazon Chairman Jeff Bezos and is known for aggressively reporting on Trump’s presidential campaign. President Donald Trump has previously called The Washington Post a tax haven for Amazon and called Amazon a “no profit company.”

 

 


But many analysts report Amazon is somewhat responsible for the woes of physical retailers losing business to online shopping as Amazon’s market cap continues to rise. Amazon has always defended its position saying they have no plans to reduce the number of retail jobs at the company are adding a net positive number of jobs to the economy. At present Amazon employs about 180,000 in the U.S. and has plans to hire 100,000 more full and part time jobs by mid 2018. The company also collects sales tax on purchases in the 45 states where it is required and supports national legislation that would require remote sellers to collect sales tax regardless of location. Market analysts also expect the ecommerce firm to be the first to achieve a valuation of $ 1 trillion. 

The fall, according to market analysts, will not affect Amazon much as the company is still worth in excess of $ 460 billion. The Washington Post has also received a surge in traffic under President Trump’s rule, gaining more than 1 billion page views in May 2017 alone. 

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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