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Amazon Shares Fall After Trump Attack

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Amazon Shares Fall After Trump Attack,Startup Stories,Inspirational Stories 2018,2018 Latest Business News,Amazon shares fall 6 percent,President Donald Trump Renews Attack,US postal service,United States Postal Service,Amazon Shares Drops,Amazon shares Fall 6 Percent

Shares of Amazon.com Inc. (AMZN.O) fell by 6 percent on Monday after United States President, Donald Trump, said he was going to reign in the online tech giant. President Donald Trump attacked the online retailer on Twitter due to the pricing of its deliveries through the United States Postal Service and promised unspecified changes.

For a long time now, Trump has been quite vocal about his displeasure with Amazon and its delivery prices. Amazon’s misuse of the US postal service has triggered this level of unrest. Trump’s Tweet on Monday was not the only posted regarding the issue. Citing his growing annoyance against this particular tech giant, Trump said on Saturday he was if the post office “increased its parcel rates, Amazon’s shipping costs would rise by $ 2.6 billion.”

With Trump’s increasing aggression against Amazon, the shares of the company dropped down by 6 percent, wiping out nearly $ 45 billion from its market value. Last week, the company lost about $ 54 billion thanks to Trump. The postal service has also been posting losses mainly because of payments, more than $5 billion a year as mandated by Congress to pre fund the service’s future retirees’ healthcare.

Last week, Trump accused Amazon of not paying enough taxes, making the postal system lose money and putting small retailers out of business. This has raised serious concern for the Amazon investors and with these string of tweets along with Trump’s threats, is slowly starting to worry the investors. The shares are likely to fall down lower than the current amount in the coming weeks.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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