Elon Musk Calls For Breakup Of Amazon In Tweet, Slams 'wrongful Monopoly'

Telsa Inc Chief Executive on Thursday called for Amazon.com Inc to be broken up, after an author complained on social media about being unable to self-publish a book via the world's largest online retailer.

"This is insane @JeffBezos," Musk tweeted at Amazon's chief. Both men are billionaires and oversee competing space exploration on top of their duties at Telsa and Amazon. "Time to break up Amazon. Monopolies are wrong!" Musk added in a second tweet.

Musk does not have legal authority to break up Amazon.

The retailer had no comment on Musk's call for its dissolution but said the book in question, by author Alex Berenson, had been blocked in error and was now available for sale via its Kindle e-reading service. The decision to greenlight the book's sale was not due to Musk, Amazon said.

The chief, who earlier this month said he would take a break from Twitter, has a history of being outspoken on the social media platform. A tweet in 2018 that he had secured funding to take private led to a lawsuit against Musk by the U.S. Securities and Exchange Commission, which the parties later settled. Musk has lashed out about shelter-at-home restrictions to curb the spread of the novel coronavirus as well.

According to a photo of a message Amazon sent Berenson, posted on Twitter, the retailer had taken action because the 22-page book did not comply with guidelines that Amazon did not specify, adding, "we are referring customers to official sources for health information about the virus." Berenson's book is titled, "Unreported Truths about COVID-19 and Lockdowns: Part 1: Introduction and Death Counts and Estimates."

Berenson did not respond to an email requesting comment. After Amazon approved the book's sale, he tweeted, "thanks to @elonmusk and everyone who helped."

RECENT NEWS

Coutts Sets Scope On New Continent

Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more

ACB Securities: Building Scale, Trust & Innovation

ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more

War Risk Returns To Markets As VIX Surges

For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more

Stablecoin The Future Of Currency?

The payments system is undergoing a quiet but consequential shift. What was once the exclusive preserve of central banks... Read more

BoE Loosens Capital Rules

The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more