Ex-Walmart US CEO slams Amazon for Utilizing cloud and Advertising profits to support retail

Former Walmart U.S. main Bill Simon on Wednesday slammed Amazon for utilizing cloud and ad revenues to confirm 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 version that clients wanted,” said Simon, in an interview with CNBC’s”Squawk Box.”

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