5 Most Boycotted Companies and Brands in History

1. Amazon.com, Inc. (NASDAQ:AMZN)

Topping the list of the most boycotted companies and brands in history is Amazon.com, Inc. (NASDAQ:AMZN), with the company’s tax avoidance front and center among those boycotting it. Amazon has reportedly avoided paying more than $100 billion in taxes over the last decade, allowing to gain a major advantage over smaller competitors and vaulting Jeff Bezos into the echelons of the richest people on the planet.

Amazon.com, Inc. (NASDAQ:AMZN) has also frequently been criticized and boycotted over the treatment of its employees. The company has been accused of providing inadequate pay and working conditions in its warehouses and fulfillment centers, as well as failing to provide adequate breaks and other benefits, the former of which prompted some employees to wear diapers to work. Additionally, Amazon has faced accusations of discrimination and harassment in the workplace.

L1 Capital International believes Amazon.com, Inc. (NASDAQ:AMZN) and several other tech stocks are trading at very attractive valuations according to its Q3 2022 investor letter:

“Quarterly results (mostly reported in late July and early August) were generally in line with our expectations. Solid company execution was subsequently swamped by increases in interest rates and hawkish Federal Reserve commentary. During the quarter, only one company (Amazon.com) made a positive contribution of more than 0.5% in Australian dollars. Amazon.com, Inc. (NASDAQ:AMZN) was the largest negative contributor in the June 2022 quarter, with the share price recovering modestly but it is still well below our view of fair value. No company detracted more than 0.5% from the Fund’s performance in Australian dollars, although the depreciation of the Australian dollar obfuscates some meaningful share price falls in U.S. dollars

We did not participate in the ‘unprofitable tech bubble’, but our portfolio does have significant exposure to some of the largest, highly profitable and incredibly financially strong technology companies which dominate their markets and have outstanding medium to long term growth prospects – including Alphabet, Amazon, Intuit and Microsoft. The share price of these companies has now fallen to levels we now consider provide very attractive valuations for long term investors.”

Please see also 11 Best Low Risk Dividend Stocks To Invest In and 15 Biggest Japanese Companies in USA.