Walmart Inc. (WMT) NYSE is partnering with e-commerce platform Shopify Inc. (SHOP) NYSE  expanding its third-party online marketplace as it takes on   additional market share to compete with Amazon (AMZN). Walmart will be adding 1,200 Shopify sellers to its e-commerce platform. Walmart looks to takeaway Amazon’s dominance in e-commerce.

Shopify has also signed a partnership with Facebook with   Facebook Shops initiative so their merchants can gain even more exposure to the billions of Facebook members.

Jeff Clementz, vice president of Walmart’s marketplace said in a news release. “We are focused on U.S.-based small and medium businesses whose assortment complements ours.”

Mr. C. Douglas McMillon is the   President,  CEO & Director of Walmart: Doug is a Genius and a longtime champion of Walmart’s customers, its associates and the company’s culture. He was named president and CEO in 2014. From 2009 to 2014 he was president and CEO of Walmart International, and from 2005 to 2009 he served as president and CEO of Sam’s Club.

Top Institutional Holders Walmart

Holder   Shares   Date Reported   % Out       Value

Vanguard Group, Inc. (The)                   137,634,260               Mar. 30, 2020         4.86%       15,638,004,621

Blackrock Inc.         90,196,443                     Mar. 30, 2020         3.18%       10,248,119,853

State Street Corporation                             70,902,390                     Mar. 30, 2020         2.50%       8,055,929,551

FMR, LLC                           22,899,929                     Mar. 30, 2020         0.81%       2,601,889,932

Geode Capital Management, LLC                             21,186,737                     Mar. 30, 2020         0.75%       2,407,237,057

Bank of America Corporation           20,967,213                     Mar. 30, 2020         0.74%       2,382,294,741

Top Institutional Holders Shopify

Holder   Shares   Date Reported   % Out       Value

FMR, LLC                           8,778,030                         Mar. 30, 2020         8.17%       3,659,824,047

Baillie Gifford and Company               6,023,962                         Mar. 30, 2020         5.61%       2,511,570,476

Morgan Stanley 5,248,062                         Mar. 30, 2020         4.88%       2,188,074,489

Capital World Investors 4,875,199                         Mar. 30, 2020         4.54%       2,032,616,719

WCM Investment Management, LLC               3,290,730                         Mar. 30, 2020         3.06%       1,372,004,058

Vanguard Group, Inc. (The)                   3,004,041                         Mar. 30, 2020         2.80%       1,252,474,814

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.