Amazon's Bezos says Trump should be 'glad' of media scrutiny

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Amazon chief Jeff Bezos is putting $2bn (£1.5bn) into a charitable fund he has established to help the homeless and set up a new network of schools. "What the President should say is, 'This is right". The Seattle-based Bill and Melinda Gates Foundation as the world's largest private nonprofit foundation has an endowment worth over $40 billion USA and has long supported homelessness services for families in the city. "The media is going to be fine", he said during the conversation with economic club president David Rubenstein.

Bezos, whose stake in Amazon is worth about $160 billion USA, says that he'll call it the Bezos Day One Fund.

The Day 1 Academies Fund will establish full-scholarship Montessori-like preschools where "the child will be the customer". Mr. Trump often blasts the Washington Post as "fake news", and has accused the Post of being a lobbying arm for Amazon, a claim the Post has denied as completely inaccurate.

Appearing before the Economic Club of Washington on Thursday evening, Bezos warned elected officials that criticizing reporters is an afront to an "essential component of our democracy".

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Asked about Trump's recent tweets critical of Amazon, Bezos said he doesn't need to defend his company, but would defend the Washington Post. But it's really unsafe to demonize the media. And while his new charitable endeavor should be applauded, many have noted that a number of his Amazon workers remain underpaid and endure hard working conditions. Zuckerberg's shares in the social network are now valued at about US$61 billion.

He said "we have made tremendous progress" in the search but offered no clues, despite reports that Amazon board members had visited locations in the Washington suburb of Arlington, Virginia. "It's unsafe to say they're the enemy of the people".

The pair have form, with Trump last December complaining that the US Postal Service's pricing policies were helping to make the likes to Amazon richer.

"Another way we're raising awareness is through our special #GoGold boxes - you may receive one during September", he added. Bezos, with an estimated fortune of more than $160 billion, is now the world's wealthiest man, according to Forbes.

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