Jeff Bezos Slams Trump For "Demonizing" The Media

Jeff Bezos Slams Trump For

Jeff Bezos Slams Trump For "Demonizing" The Media

That vow came despite the fact that the Post, citing anonymous sources, also reported that Amazon's board of directors was traveling to Washington.

What Trump "should say (of criticism) is, 'This is right, this is good".

The money, put into what Bezos called the Day 1 Fund, is by far his largest philanthropic donation.

The first will fund existing nonprofits and issue annual awards to organisations doing "compassionate, needle-moving work" to shelter and support the immediate needs of young families. "The media is going to be fine", he said during the conversation with economic club president David Rubenstein.

Mr Bezos, who is the world's richest person with a net worth of $164bn (£125bn), said: "We'll use the same set of principles that have driven Amazon".

The Day 1 Academies Fund will launch and operate a network of high-quality, full-scholarship, Montessori-inspired preschools in underserved communities.

President Trump has not only repeatedly called out the Post for purveying fake news, but has long accused Amazon of avoiding taxes and incurring major loses to U.S. Postal Service's bottom line.

"We know for a fact that if a kid falls behind it's really, really hard to catch up", Bezos said Thursday evening at an event hosted by the Economic Club of Washington.

Zuckerberg, 34, and his wife Priscilla Chan said in 2015 that they planned to give away 99 per cent of their Facebook stock.

More than a year ago, Bezos posted to Twitter a request for suggestions on philanthropic initiatives created to make a difference in the short term.

And US Senator Bernie Sanders has criticised working conditions in Amazon warehouses. But it's really risky to demonize the media. Zuckerberg's shares in the social network are now valued at about US$61 billion. It is risky to call the media low lifes, it is unsafe to say that they are the enemy of the people. "But we're going to make a final pitch".

"We will build an organization to directly operate these schools". Bezos said it is important for politicians not to vilify big businesses since they can create so much value.

Jeff Bezos, the founder and CEO of Amazon, just made a long-awaited announcement about what philanthropic causes would benefit from his enormous fortune - which has doubled in one year and is now estimated at more than $160 billion.

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