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Jim Cramer Says Amazon Has Massive Opportunity in This Business

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Amazon  (AMZN) - Get Free Report was sued by Parler, which is a social media site that is popular with right-wing users. 

In an action filed in U.S. District Court in Seattle Parler, Henderson, Nev., claimed that the move broke antitrust law and violated the two companies’ contract. Parler wants a judge to order Amazon to restore its platform.

“AWS’ decision to effectively terminate Parler’s account is apparently motivated by political animus,” the suit states. “It is also apparently designed to reduce competition in the microblogging services market to the benefit of Twitter."

“There is no merit to these claims. AWS provides technology and services to customers across the political spectrum, and we respect Parler’s right to determine for itself what content it will allow," said an AWS spokesperson. "However, it is clear that there is significant content on Parler that encourages and incites violence against others, and that Parler is unable or unwilling to promptly identify and remove this content, which is a violation of our terms of service.

However, despite a mild downturn in the stock, Jim Cramer sees massive opportunity in Amazon in 2021. Watch the video above to hear which business has Cramer most excited. 

Watch: Everything Jim Cramer Is Watching in the Stock Market Tuesday

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You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here. 

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