• Free Investing e-Course
  • About
  • Advertise
  • Contact
  • Submit a Sponsored Post
Money Works Magazine
  • Life Sciences
  • Online Gaming
  • Real Estate
  • Download App
  • MORE
    • Technology
    • Personal Finance
    • Mining
DOWNLOAD YOUR COPY OF INVESTING IS FOR EVERYONE >
Money Works Magazine
  • Life Sciences
  • Online Gaming
  • Real Estate
  • Download App
  • MORE
    • Technology
    • Personal Finance
    • Mining
Money Works Magazine
Home Business

United States House Panel Calls on Jeff Bezos to Testify on Data Use on its Third-Party Sellers

Money Works Magazine by Money Works Magazine
May 1, 2020
in Business
0
United States House Panel Calls on Jeff Bezos to Testify on Data Use on its Third-Party Sellers
Share on FacebookShare on Twitter


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.
View the original article at here.
Financial Buzz
www.financialbuzz.com

Recommended

Wall Street Analyst Update on Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM)

1 year ago
Michigan marijuana testing lab closed for alleged reporting failures

Michigan marijuana testing lab closed for alleged reporting failures

5 months ago
Facebook Twitter LinkedIn

MWM is your friendly source of knowledge on financial freedom via investment opportunities and financial planning to make your money work for you.

  • Submit a Sponsored Post
  • Contact
  • Privacy Policy

Get the latest financial tips and news.
Sign up today.

  • This field is for validation purposes and should be left unchanged.

© 2019 Money Works Magazine . All rights reserved.

  • Home
  • Life Sciences
  • Personal Finance
  • Online Gaming
  • Mining
  • Technology
  • How To Trade
  • Free e-Course
  • Money Works Magazine App

© 2019 Money Works Magazine . All rights reserved.