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Al Jazeera
Al Jazeera
Business

Amazon loses over $50bn in market value

Amazon loses over $50bn in market value

Shares in the online retailer Amazon have slumped, following reports that US President Donald Trump is looking to change the way the company is taxed.

At one point stocks fell by as much as 7.4 percent, wiping more than $50bn from Amazon's market value.

Al Jazeera's Scheherazade Gaffoor reports from Washington, DC.

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