Walmart and Oracle are secretly funding anti-Amazon campaign
Amazon’s main rivals – Walmart, Oracle and mall owner Simon Property Group – are secret funders of a grassroots campaign that has been highly critical of the e-commerce giant.
About 18 months ago a new nonprofit group called Free and Fair Markets Initiative launched a national campaign criticizing the business practices of one powerful company: Amazon.com Inc, reports The Wall Street Journal.
It has accused Amazon of stifling competition and innovation, endangering the lives of its warehouse workers, data breaches and an over acceptance of government subsides, writes TheDrum.
Free & Fair Markets has kept its funders secret and falsely claimed that average citizens support the group. In fact, it received backing from some of Amazon’s chief corporate rivals, including shopping mall owner Simon Property Group, retailer Walmart and software giant Oracle Corp, reports MarketWatch.
Simon Property is fighting to keep shoppers who now prefer to buy what they need on Amazon; Walmart is competing with Amazon over retail sales; and Oracle is battling Amazon over a $10 billion Pentagon cloud-computing contract.
The story reflects the lengths that companies are willing to go to help curb Amazon’s market share. It’s also an example of mounting pressure on Amazon from similar groups and lawmakers who are questioning the company’s growing footprint and power, writes GeekWire.
More Amazon news
Amazon stops deliveries in some cities amid raging protests in the US
Amazon shipping delays due to violent riots in the USAmazon scaled back deliveries in a number of cities including Chicago and Los Angeles after the death of George Floyd sparked demonstrations across the country.Bloomberg reported that Amazon told its...
Amazon is shipping Non-Essential items again
Amazon Recovers From Essentials-Only Amazon has opened its warehouses to all items and reintroduced shopping functionality like deals and recommendations. Fast shipping for non-essentials is back as well. Amazon started accepting new deals last week and...
Amazon is pulling back on promotions to handle surging demand
Amazon wants shoppers to buy less Increasing order volume and operational complications may be forcing Amazon to move away from features and promotions that drive sales. It may take more than two months for Amazon to fulfill orders in all categories,...