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
New Amazon “FBA Liquidations” and “FBA Grade and Resell” programs
New Amazon FBA programs give unsold inventory new life Amazon has introduced “FBA Liquidations” and “FBA Grade and Resell” programs to help merchants resell customer-returned or overstocked items. Once fully implemented, the programs are expected to save more than 300...
5 main reasons shipping costs from China will continue to rise
Logistics problems with "Made in China" products Covid-19 pandemic has led to drastic inflation in shipping costs and delays for goods purchased from China. Let’s go through the main factors that cause this havoc: Severe congestion at largest US ports Online shopping...
Facebook restricts targeted advertising to teenagers
Facebook will stop advertisers from targeting minors Facebook plans to prohibit companies from targeting ads to minors based on their web and app activity, as well as their expressed interests. Instead, the company will restrict targeting categories for users under 18...