Amazon will testify in the U.S. Congress

category:Finance
 Amazon will testify in the U.S. Congress


Amazon employees often use information from third-party sellers to develop their own brand products, the Wall Street Journal reported in late April. At the beginning of this month, the judicial committee of the United States House of representatives sent a letter to Bezos asking him to give testimony in this regard. In its letter, the Committee referred to the Wall Street Journals April 23 report, saying that if the report is true, Amazon executives previous testimony on its business conduct before the committee may be false or misleading.

As Amazons influence continues to expand, the scrutiny it receives from all parties is also increasing. Currently, Amazon is under investigation by the antitrust Committee of the house of Representatives on antitrust issues. Bloomberg reports that the U.S. Trade Commission is also investigating it.

According to CNBC, Bezos is the only CEO among Amazon, apple, Google and Facebook who has not testified in Congress, although Amazon has been investigated by Congress for market dominance and privacy issues in the past few years.