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Amazon is killing these 7 companies

Kate TaylorAug 26, 2024, 21:32 IST

Business Insider/Hayley PetersonTraditional retailers such as Sears are in danger as Amazon expands into new categories.Amazon is on a roll.

The company just celebrated the biggest day in its history with the 30-hour Prime Day that ended on Tuesday. According to Amazon, the event grew 60% since last year, though the company didn't provide specific sales figures.

However, when Amazon thrives, other companies often suffer. Even the mere rumor that Amazon is entering a new sector can cause potential rivals' stocks to plummet. On Wednesday, Zillow's stock dropped 3% following whispers that Amazon is building a real estate service of its own.

Here are seven companies that the ecommerce giant threatens: