Walmart “Walks Out” On Google
Walmart (WMT) is reportedly “walking out” on Google (GOOGL) after deciding to no longer make their products available on the tech giant’s Google Shopping Actions or Google Express delivery service. The two companies’ collaboration was an attempt to dethrone Amazon (AMZN) as the top online retailer. Obviously, that plan didn’t exactly pan out. Google still has a partnership with one remaining retail giant, Target (TGT). The way forward isn’t clear for Google’s Shopping Action program which was launched last year in an attempt to give “customers an easy way to shop your products on the Google Assistant and Search with a universal cart, whether they’re on a mobile, desktop or even a Google Home device.” One possibility may be to forge an alliance with eBay’s Marketplace. Walmart, on the other hand, is seeing growth in its home-delivery service and has recently hired more truck drivers to meet the demand. As recently as Thursday, the retailer announced its plans to add 900 more drivers to its payroll with a yearly salary of $90,000. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Sign Up to receive FREE email updates here!