The House Committee Accuses the CEO of the Amazon of Misleading Statements
The House Judiciary Committee and Amazon
Amazon is now in hot ware with an effective congressional committee curious about the potentially anticompetitive business strategies of the company.
The House Judiciary Committee sends a letter to Jeff Bezos on Friday, in which the committee claimed that the CEO of Amazon should describe the discrepancies between his prior statements and the latest reporting from the Wall Street Journal. Particularly, the letter highlighted the possible practice of diving into its pile of information on products and those third-party sellers to appear with the Amazon-branded contesting products.
The journal notes that the Amazon has long insisted, including to the Congress, that when it makes and sells the products, it doesn’t use the data it gathers from the individual third-party sellers from the site. The information those sellers see as their proprietary.
The accuse from the House Judiciary Committee
In the documents and interviews with several former employees, the Wall Street Journal found that the largest E-Commerce site indeed consults the information while making decisions about pricing, the product features, as well as the sorts of products with full potential to make money.
In the letter, the House Judiciary Committee clearly accuses the CEO Bezos of using misleading, and apparent criminally false statements to the committee when asked about the practice previously.
The committee mentioned that it was crucial to the committee as part of the critical work investigating and realizing competition factors in the digital marketplace. The way Amazon responded to those and other crucial questions, interesting competition issues in the digital marketplace. Also, it added that that kind of approach would summon the CEO if that is necessary.
The coronavirus crisis has taken off the mounting regulatory worries of the tech in the USA, and the actions of the committee make it clear that a lot of lawmakers are still concerned about taking the tech companies to task.
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