Skip to main content

Elon Musk Calls Amazon 'Monopoly' on Twitter, Calls for Break Up

Publish date:
Video Duration:

Twitter’s favorite CEO’s “break” from Twitter didn’t last so long.

Tesla CEO Elon Musk tweeted late Thursday tweeted that Amazon should be broken up, saying “Monopolies are wrong.”

The tweet was in response to a claim from writer Alex Berenson that Amazon “censored” his self-published booklet on the coronavirus pandemic.

Berenson’s book ‘Unreported Truths’ argues the mainstream media is overstating the threat of coronavirus.

“Amazon dominates both the electronic and physical book markets, and if it denies its readers a chance to see my work, I will lose the chance to reach the people who most need to learn the truth — those who don’t already know it,” said Berenson.

Amazon has since made the book available, citing an error.

While Musk has had his fair share of tweets going viral, sometimes landing him--or Tesla--in hot water, it's important to note that Musk is also the CEO SpaceX and Jeff Bezos--CEO of Amazon--is also the founder of Blue Origin. Both SpaceX and Blue Origin focus on designing and building spacecraft.

In fact, just last month, Musk tweeted that Tesla's stock price was "too high."

And, in a move that could now be considered infamous, Musk tweeted that he had secured financing to take Tesla private at $420 per share--a deal that never materialized--back in 2018.

He was charged by the SEC for violating securities laws in the tweet, and later settled with the agency.

As part of the settlement, Musk had to step down as chairman of Tesla and pay a fine of $20 million. Tesla was also required to institute an oversight process for Musk's tweets with respect to securities laws before they are published.

Watch the video for more.

You can follow Katherine Ross on Twitter at @byKatherineRoss.

Read more from Katherine Ross here.

Watch More of the Latest Videos on TheStreet and Jim Cramer

Related Videos