|Weekly News Digest
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Amazon Is in Hot Water With Congress Again
Manish Singh writes the following in “Amazon May Have Lied to Congress About Its Business Practices, Lawmakers Say” for TechCrunch:
Five members of the House Judiciary Committee have accused … Amazon’s top executives of either misleading or blatantly lying to it about its business practices and said they are considering an investigation following publication of two damning reports last week. …
Reuters and the Markup reported [on Oct. 13 and 14, respectively,] that Amazon uses the data of third-party sellers on its platform to inform and create its private-label products. Both the outlets also noted that Amazon then gives preference to its own portfolio over those of the rivals when customers look up products.
[A] letter, addressed to Amazon chief executive Andy Jassy, says it’s offering Jassy ‘a final opportunity to provide exculpatory evidence to corroborate the prior testimony and statements on behalf of Amazon to the Committee.’ …
Amazon, grappling with way too many controversies to document at this point, said it has not ‘[misled] the committee, and we have denied and sought to correct the record on the inaccurate media articles in question.’
For more information, read the article.
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