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

    The shocking story of Israel's disappeared babies

    The shocking story of Israel's disappeared babies

    New information has come to light about thousands of mostly Yemeni children believed to have been abducted in the 1950s.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.