Shares of Amazon.com Inc. plunged Wednesday morning after a report that President Donald Trump is "obsessed" with the e-commerce giant and wants to "go after" the company.
News site Axios reported that Trump brings up Amazon when discussing tax policy and antitrust cases. The president reportedly hears from real estate friends that the Seattle-based online giant is destroying shopping malls, mom-and-pop stores and brick-and-mortar retailers _ and he believes them.
According to an unidentified source that spoke to Trump, the president has "wondered aloud if there may be any way to go after Amazon with antitrust or competition law," Axios reported.
Amazon stock was down 6.4 percent Wednesday morning.
Trump has repeatedly posted on Twitter about Amazon over the past year. In August, he wrote that the company was "doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt _ many jobs being lost!"
Trump's ire has also extended to the Washington Post, which is owned by Amazon CEO Jeff Bezos. The president has frequently referred to the Post as the "Amazon Washington Post."
