Jeff Bezos is due to take his place alongside the CEOs of Facebook, Google and Apple in a House grilling Wednesday. All four companies face serious problems, but Amazon may have the most to lose.
Amazon declined to offer responses to its critics' arguments or comment on how it plans to address them at the hearing. In"I believe Amazon should be scrutinized," Bezos said in his prepared remarks. "We should scrutinize all large institutions, whether they’re companies, government agencies, or non-profits. Our responsibility is to make sure we pass such scrutiny with flying colors."Last summer, antitrust authorities in the U.S.
At Wednesday’s hearing, members of the House Judiciary antitrust subcommittee are expected to delve into many of those allegations, as well asthe company uses the data it obtains from third-party sellers. Rep., a Democrat whose Seattle district is home to Amazon’s headquarters, said she plans to ask about the discrepancy — but also
“Amazon has achieved such enormous dominance in the marketplace,” said Jayapal, expressing concern that Congress is lagging behind European policymakers in understanding competition in tech markets. “We desperately need to catch up in terms of our regulation, in terms of our enforcement, and even just in terms of the conversation around what the implications are for a consumer of monopolistic antitrust behavior.
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