Amazon's NY exit spurs reactions on money saved and jobs lost

Amazon.com Inc's decision on Thursday to scrap its proposal to locate a second headquarters in the Queens borough of New York City ignited a sea of duelling reactions on Twitter, with some calling it a victory for working people while others said it meant that fewer people would work. Some people who praised the pullout included references to the wealth of Amazon's chief executive and founder, Jeff Bezos, the world's richest man with an estimated fortune of about $135 billion, while many who saw the decision as a blow to New York cited the loss of potentially tens of thousands of new jobs. The deal negotiated by New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio had offered the world's largest online retailer about $3 billion in incentives, in exchange for the company's promise of 25,000 new jobs in the Long Island City section of Queens.

from Yahoo News - Latest News & Headlines https://yhoo.it/2SQ6nto

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