business news in context, analysis with attitude

Yesterday, MNB took note of a Barron's story about how previous open hostilities between Donald J. Trump and Amazon founder/CEO Jeff Bezos could create problems for Amazon.

The story noted that Trump has accused Bezos of using his ownership of the Washington Post “as a tool for political power against me and against other people, and I’ll tell you what, we can’t let him get away with it.” And Trump "raised the idea that Bezos had an antitrust issue on his hands because of Amazon’s e-commerce dominance."

For his part, Bezos has offered Trump a free one-way ticket into space on one of the rocket ships that he's been funding.

Now, Forbes reports that Bezos yesterday went on Twitter and offered Trump his best wishes in 109 characters:

Congratulations to @RealDonaldTrump. I for one give him my most open mind and wish him great success in his service to the country.

The story suggests that the Tweet "could be read as Bezos’ concession to a man with whom he’s maintained a distant, albeit contentious relationship ... Those threats are no longer empty for Amazon’s CEO and shareholders. Since Trump’s victory, the company’s stock has dropped more than 6% as investors ponder whether the President-Elect will follow through on one of his many promises."
KC's View:
Bezos may be conciliatory toward Trump these days, but I suspect the reporters at the Washington Post won't be following in his footsteps. I expect that they will continue to investigate Trump's finances and history even though he won the election, especially later this month when the Trump University suit comes to trail. Corporate olive branches generally don't mean much in newsrooms. Nor should they. (This isn't partisan ... they've also been very tough on Hillary Clinton concerning her email server.)