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 lifts ban on shipping of non-essential products
Amazon is going to start accepting all non-essential products again Amazon has started to allow third-party sellers to ship non-essential items to its warehouses. Starting later this week, the company will begin to accept more products in its warehouses,...
Amazon halts its Shipping Program
Amazon to halt third-party delivery service that competes with UPS and FedEx Amazon is taking a break from its two-year-old Amazon Shipping pilot program in the U.S.—in a move seen as potentially benefiting package giants UPS and FedEx. The company...
Amazon Pauses Merchant Loan Repayments
Amazon suspends loan repayments amid coronavirus Amazon announced that it would temporarily suspend seller loan repayments, in the prospect of declining sales during the coronavirus pandemic. Repayments under the Amazon Lending program will be paused until...
