Here's how many billion dollars Amazon lost after Trump's critical tweet

US President Donald Trump wiped off close to $5.7 billion through a single tweet wiped from the stock value of Amazon for a brief period. The US President had tweeted on Wednesday that the company was ‘doing great damage to tax paying retailers’.

As per a report in The Independent, Amazon’s share lost 1.2 percent of its share value in the two hours of pre-market trading following the tweet. The company however soon regained the lost value soon after the markets opened in New York, trading down up to 0.33 percent by lunchtime.

Earlier Trump had tweeted that the company founded by Jeff Bezos was damaging the US economy. “Amazon is doing great damage to tax paying retailers. Towns, cities, and states throughout the US are being hurt - many jobs being lost! ” he tweeted.

This is not the first time that Trump has attacked the company. He had earlier attacked Washington Post, owned by Bezos for its news coverage. In 2015, he claimed that the stock value of Amazon would crumble if Bezos stopped using the Washington Post as a tax shelter. Later he tweeted in June that “The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes.”

The US President also has a history of using his tweets to attack individual companies with varying results. While his tweets against Toyota, Boeing and Lockheed Martin affected the value of the companies, it had no effect on Merck US.