My read on this it's a knee jerk reaction to Trump putting Amazon in his sights. Not sure how much impact it will have in the near term though. That being said, agreed that overall FUD in equities should move some money into gold/commodities and crypto (although likely BTC and ETH more than some of the alts).
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I honestly think the money gets moved back into Amazon and they break 1700 in the next few weeks. Nothing has actually happened it's all hearsay. Amazon has very few competitors and have heavy ties in a variety of industries. Twitch.tv, Whole foods, IMDb, etc. The FB decline is another story. They have asked for regulation, a change to their business process and are relativly constrained to one industry Social Media/Marketing.