Amazon loses over $50bn in market value

Shares in world's largest online retailer fell almost five percent, wiping more than $50bn off its market value, after reports US president wants to reign in its growing power.

    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.


    YOU MIGHT ALSO LIKE

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Do you really know the price of milk?

    Do you really know the price of milk?

    Answer as many correct questions as you can and see where your country ranks in the global cost of living.

    The Coming War on China

    The Coming War on China

    Journalist John Pilger on how the world's greatest military power, the US, may well be on the road to war with China.