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 will increase FBA fees in January 2022
Amazon hits sellers with fee increases in 2022 Amazon has announced its plans to increase FBA fees starting from January 18, 2022. The company justified the fee increases by claiming that it had doubled its US fulfillment capacity since the start of the pandemic,...
Nearly half of product searches start on Amazon and Ebay
Brand loyalty becomes less important to consumers Marketplaces are now a starting point in 44 percent of all product searches. This is more than twice the number of searches in search engines. In 44% of all product research, marketplaces like Amazon and eBay are the...
Amazon against shadowy marketing practices
Amazon clarifies its policy on rebates, coupons and other incentives offered outside the platform Amazon is cracking down on sellers who engage in practices that violate its Seller Code of Conduct, including the use of two-step URLs, funnels, and treasure hunts,...
