- Amazon took another hit recently losing a key contract to Microsoft.
- This is yet another setback for Jeff Bezos in 2019.
- Amazon’s best days are behind it.
Jeff Bezos is used to beating his rivals. Remember Toys R Us, Borders, Sears, or your local childhood mall? Amazon bulldozed all of them in its path to retail supremacy. And in doing so, Jeff Bezos became the world’s richest person. But Bill Gates reclaimed that title earlier this year. And that’s just one of many big losses Bezos has taken in 2019.
On Friday, Amazon announced that it suing to block the government’s recent decision to award a $10 billion cloud computing contract to chief rival Microsoft. Amazon whined that the decision had been influenced by political bias.
Politicians Lay Into Tone-Deaf Amazon
Let’s be realistic here. The retail industry employs millions of Americans. For Amazon to be the country’s leading retailer, it needs to be a good member of the community. Otherwise, it will run into more and more political opposition.
Already, Bezos has managed to make opposition to Amazon a bipartisan issue. It’s no secret that President Trump has long had a strong distaste for Bezos, his personally-owned Washington Post newspaper, and Amazon:
And Democrats are increasingly hostile to Amazon as well. Presidential candidates such as Bernie Sanders and Andrew Yang have laid out harsh critiques of the company’s employee practices and impact on local communities.
Meanwhile, star congresswoman Alexandria Ocasio-Cortez helped lead the opposition to Amazon’s proposed HQ2 in New York City:
Jeff Bezo’s Empire Has Peaked
Now, 2019 hasn’t been an outright disaster for Amazon. The stock is up year-to-date after all. But it has badly trailed the overall stock market. And it hit its all-time high closing price of $2,039 way…