You are reading a single comment by @itsbruce and its replies. Click here to read the full conversation.
  • Last year, Amazon amended its contract with SpartanNash, a grocery distributor it had been using to fulfill Amazon Fresh orders. Upon signing the deal, Amazon received warrants worth 2.5 percent of the company’s stock and the option to receive another 12.5 percent if the retailer buys $8 billion worth of groceries over seven years. SpartanNash’s stock price surged 26 percent the day the deal was announced, and though the price has slid since, it’s still up 12 percent.

    Another supplier, Clean Energy Fuels Corp., which sells natural gas sourced from landfills and other “biogenic” sources, signed a contract with Amazon that allowed the retailer to buy up to 20 percent of the company over the next ten years. Executives at the gas supplier reportedly hope that the warrants and potential shareholding will keep Amazon from buying from other suppliers.

    https://arstechnica.com/tech-policy/2021/06/amazons-new-price-of-doing-business-the-right-to-buy-ownership-stakes-in-vendors/

    Definitely not shady business practices abusing their scale, nope nothing to see here

About

Avatar for itsbruce @itsbruce started