The U.S. House of Representatives has called on Jeff Bezos, founder of Amazon.com, Inc. (NASDAQ: AMZN) to testify on allegations that the online e-commerce platform utilizes data from its third-party sellers to create competing products.
The letter that was signed by the Democratic and Republican members of the panel referred to a Wall Street Journal post about Amazon stating, “If the reporting in the Wall Street Journal article is accurate, then statements Amazon made to the committee about the company’s business practices appear to be misleading, and possibly criminally false or perjurious.”
Nate Sutton, Amazon’s associate general counsel had blatantly denied under oath last July in a written testimony that Amazon utilized sensitive business information from independent sellers on its platform to develop products for Amazon to sell. The Wall Street Journal post last month noted that Amazon did utilize the data. It had cited 20 former employees of Amazon’s private label business.
Written by Nikita Medvedev.
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