Ex-Walmart US CEO slams Amazon for using cloud and ad profits to support retail

Ex-Walmart US CEO slams Amazon for using cloud and ad profits to support retail

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/30/bill-simon-slams-amazon-for-using-cloud-and-ad-profits-to-support-retail.html

Former Walmart U.S. chief Bill Simon on Wednesday slammed Amazon for using cloud and ad revenues to support what he called meager retail profits.

Walmart "went out head to head, knuckle to knuckle and won market share in retail by executing a business model that customers wanted," said Simon, in an interview with CNBC's "Squawk Box."

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