By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Amazon is the latest Big Tech company to donate $1mn to Trump fund
News

Amazon is the latest Big Tech company to donate $1mn to Trump fund

News Room
Last updated: 2024/12/12 at 9:23 PM
By News Room
Share
4 Min Read
SHARE

Unlock the White House Watch newsletter for free

Your guide to what the 2024 US election means for Washington and the world

Amazon will donate $1mn in cash to Donald Trump’s inaugural fund, the company confirmed on Thursday, as Big Tech companies seek to build relations with the US president-elect.

Amazon’s move comes after Facebook and Instagram parent Meta similarly donated $1mn to the fund. Amazon will also broadcast Trump’s inauguration on its Prime Video service.

Trump has long accused Big Tech companies of a litany of abuses, including censorship of conservative media. Following his election victory in November, Big Tech executives rushed to congratulate him, marking a contrast with their more cautious reception to his first term as they seek relief from pressure around antitrust, deals and artificial intelligence.

Amazon executive chair and founder Jeff Bezos is also planning to visit Trump’s Mar-a-Lago resort next week, according to The Wall Street Journal, which first reported Amazon’s donation.

Google and Apple chief executives Sundar Pichai and Tim Cook, respectively, were both quick to congratulate Trump after the election. Pichai was expected to meet Trump at Mar-a-Lago on Thursday, The Information reported, and Meta chief executive Mark Zuckerberg dined with Trump there following his election win.

The moves come after Elon Musk, the billionaire owner of X, gave tens of millions of dollars to Trump’s campaign and subsequently installed himself as one of the president-elect’s closest allies. Trump has tapped Musk to lead a group examining broad reforms of government bureaucracy.

Apple’s hardware business is also potentially exposed to Trump’s sweeping tariff plans, which risk upsetting its critical China supply chains. During Trump’s first term, Cook managed to secure carve-outs for the company’s products.

Trump clashed with Amazon during his first term, during which he accused the online retail giant of putting companies out of business and criticised its tax policy. 

In 2018 he also ordered a review into the US Postal Service’s pricing for package deliveries, accusing the post office of acting as Amazon’s “delivery boy”.

Under the Biden administration, Amazon has faced further pressure, with the US Federal Trade Commission under Lina Khan and several states filing a landmark monopoly lawsuit against the company last year.

The FTC is also probing major cloud service providers, including Amazon, regarding their partnerships in generative AI.

Following the first assassination attempt on Trump over the summer, Bezos took to X to congratulate him on his “tremendous grace and courage under literal fire”.

Bezos, who owns The Washington Post, also blocked the newspaper from endorsing Trump’s Democratic opponent, Kamala Harris, in October. He denied the agreement was part of a quid pro quo between Trump and his rocket company, Blue Origin, which competes with Musk’s SpaceX.

Read the full article here

News Room December 12, 2024 December 12, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
2 things Powell wants his successor to know about the Fed

Watch full video on YouTube

Why Apple’s AI Strategy Matters More Than Ever

Watch full video on YouTube

ABN AMRO Stock: Cost Cuts And Capital Returns Support A Buy Rating (OTCMKTS:AAVMY)

This article was written byFollowI have over 10 years of experience in…

How Black-ish Creator Kenya Barris and REVOLT Labs are building a creator empire

Watch full video on YouTube

Why Infiniti is pinning its turnaround hopes on its new SUV

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

ABN AMRO Stock: Cost Cuts And Capital Returns Support A Buy Rating (OTCMKTS:AAVMY)

By News Room
News

ConocoPhillips: More Upside Given Long-Term Cash Flow Tailwinds (NYSE:COP)

By News Room
News

MaxCyte, Inc. (MXCT) Q1 2026 Earnings Call Transcript

By News Room
News

Draganfly Inc. (DPRO) Q1 2026 Earnings Call Transcript

By News Room
News

Fidelity Blue Chip Growth Fund Q1 2026 Commentary (FBGRX)

By News Room
News

Ryerson Holding Corporation 2026 Q1 – Results – Earnings Call Presentation (NYSE:RYZ) 2026-05-09

By News Room
News

Gogo Inc. (GOGO) Q1 2026 Earnings Call Transcript

By News Room
News

Magnite, Inc. 2026 Q1 – Results – Earnings Call Presentation (NASDAQ:MGNI) 2026-05-07

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?