Amazon Donates $1 Million for Trump's Inauguration

Amazon (NASDAQ:AMZN) announced a $1 million donation to President-elect Donald Trump's inauguration fund while also stating it will broadcast the event on its streaming service, Prime Video. This contribution includes an in-kind donation valued at $1 million for the broadcast of the inauguration. The tech giant's support was confirmed by an Amazon spokesperson on Thursday.

The decision to stream the inauguration on Prime Video is seen as a notable move for accessible coverage of the event. This donation aligns Amazon with another major tech company, Meta Platforms, which also contributed the same amount for the presidential inauguration on January 20.

In addition to the financial support, a meeting between Amazon founder and chairman Jeff Bezos and President-elect Trump is planned for next week. This announcement was made by Trump during an interview with CNBC on Thursday.

The relationship between Trump and Bezos has been notable due to Trump's criticism of The Washington Post's reporting during his first term. Bezos's ownership of the Post added a complicated layer to their interactions.

The contributions from Amazon and Meta reflect the technology industry's participation in this political event, which has attracted interest and funding from various sectors.