As Trump's Tariffs Continue to Cause Chaos in the Market, Mark Cuban Warns About an "Ugly" Future for Amazon
President Donald Trump's tariffs have been whipsawing the stock market for weeks now, pushing the S&P 500 and the Nasdaq Composite into a correction as investors struggle to divine the impact of the ongoing trade war.While stocks have sold off broadly on the news, some names have gotten hit harder than others. One big-name stock that has fallen more than 20% from its peak is Amazon (NASDAQ: AMZN), the "Magnificent Seven" member that dominates both e-commerce and cloud computing.Now, one well-known billionaire is calling out Amazon's tariff risk. Mark Cuban, a tech entrepreneur who's known for his role on the TV show Shark Tank and as the former owner of the NBA's Dallas Mavericks, recently said on the social media site Bluesky that the current tariff situation could get "ugly" for Amazon:Continue reading
President Donald Trump's tariffs have been whipsawing the stock market for weeks now, pushing the S&P 500 and the Nasdaq Composite into a correction as investors struggle to divine the impact of the ongoing trade war.
While stocks have sold off broadly on the news, some names have gotten hit harder than others. One big-name stock that has fallen more than 20% from its peak is Amazon (NASDAQ: AMZN), the "Magnificent Seven" member that dominates both e-commerce and cloud computing.
Now, one well-known billionaire is calling out Amazon's tariff risk. Mark Cuban, a tech entrepreneur who's known for his role on the TV show Shark Tank and as the former owner of the NBA's Dallas Mavericks, recently said on the social media site Bluesky that the current tariff situation could get "ugly" for Amazon:
