Stephen Ross: AOC is ‘taking us totally in the wrong direction’
Correction: A previous version of this article stated that Amazon generated $11.2 trillion in revenue for 2018 instead of $11.2 billion. We regret the error.
Since being elected to Congress in 2018, Rep. Alexandria Ocasio-Cortez (D-NY) has been no stranger to controversy. She received significant criticism after her vocal opposition to Amazon (AMZN) opening its second headquarters in Long Island City, N.Y., a deal that eventually fell through because of backlash.
Billionaire and Republican donor Stephen Ross said it was “tremendously” a mistake for AOC to oppose Amazon HQ2.
“Who was she really representing?” Ross said. “I mean, herself, I think, and her own agenda and popularity. She’s become, in a very short time, a very powerful person. I think she’s taking us totally in the wrong direction.”
Ross shared these comments with Yahoo Finance Editor-in-Chief Andy Serwer on an episode of “Influencers with Andy Serwer,” a weekly interview series with leaders in business, politics, and entertainment.
‘I don’t think America is ready’
Bronx-born billionaire investor Mario Gabelli previously expressed similar disappointment about the failure of the Amazon HQ2 deal to Yahoo Finance, although he did not mention Ocasio-Cortez by name.
“The screwup in New York City was the financially illiterates [who] didn’t understand that you have to bring Amazon in,” Gabelli said. And like Gabelli, JPMorgan Chase CEO Jamie Dimon also lamented the failed move without mentioning anyone by name.
President Donald Trump did single out AOC, however, blaming her for Amazon’s decision to scrap its HQ2 plans.
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