Amazon backs Trump inauguration with $1 million donation

Amazon (NASDAQ:AMZN ) has pledged $1 million to the inauguration fund of U.S. President-elect Donald Trump, alongside airing the event on its streaming service, Prime Video. This contribution includes an in-kind donation, with the streaming of the inauguration also valued at $1 million. The tech giant's support was confirmed by an Amazon spokesperson on Thursday.

The company's decision to broadcast the inauguration on Prime Video marks a notable move in providing accessible coverage of the event. The donation aligns Amazon with Meta Platforms (NASDAQ:META ), another leading technology firm, which has committed the same amount to the upcoming presidential inauguration on January 20.

In addition to the company's financial support, Amazon's founder and executive chairman, Jeff Bezos, is scheduled to meet with President-elect Trump next week. The meeting announcement was made by Trump during a CNBC interview on Thursday.

The relationship between Trump and Bezos has been marked by previous criticisms from Trump regarding the Washington Post's coverage of his first term. The Post is owned by Bezos, which has added a layer of complexity to their interactions.

Amazon's and Meta's contributions reflect the tech industry's engagement with the political event, which is drawing attention and funds from various sectors.

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Source: Investing.com