• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Friday, February 3, 2023
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home US News US Business

Amazon’s top watchdog in Congress says its witness ‘may have lied’

Loud Silence Staff by Loud Silence Staff
April 23, 2020
in US Business
0
Amazon’s top watchdog in Congress says its witness ‘may have lied’
1
SHARES
4
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

[ad_1]

Representative David Cicilline (D-RI) speaks at a Democratic press conference calling on the president to protect patients with existing coverage, lower drug prices and to expand healthcare coverage.

Michael Brochstein | Echoes Wire | Barcroft Media via Getty Images

Amazon‘s witness at a hearing last year “may have lied to Congress” about how the company uses data from its third-party sellers to come up with its private-label products, House Antitrust Subcommittee Chairman David Cicilline said Thursday.

The assertion comes after a Wall Street Journal investigation found Amazon employees had used non-aggregated or easily identifiable data from sellers on its platform to inform its proprietary product strategy, according to interviews with more than 20 former employees and documents reviewed by the Journal.

Those findings contradict testimony by Amazon’s associate general counsel Nate Sutton at a July hearing hosted by the subcommittee. At the time, and in written answers submitted later on, Sutton maintained that Amazon does not use the data of individual sellers to inform its strategy, though he said it does use aggregated data that could give it a sense of how a product category is performing.

“We do not use any of that specific seller data in creating our own private brand products,” Sutton said at the hearing.

The Journal’s investigation found that those aggregate reports could contain just two sellers or easily expose performance metrics of individual sellers through other means. An Amazon spokesperson told CNBC it doesn’t allow employees to use “non-public, seller-specific data to determine which private label products to launch” and said it had opened an internal investigation, though it doesn’t believe the allegations are true.

“At best, Amazon’s witness appears to have misrepresented key aspects of Amazon’s business practices while omitting important details in response to pointed questioning,” Cicilline said in a statement on the report. “At worst, the witness Amazon sent to speak on its behalf may have lied to Congress.”

Cicilline is leading an investigation into Amazon and its tech peers that will culminate in a report about the health of competition in digital markets.

“It’s simply incorrect to suggest that Amazon was intentionally misleading in our testimony,” the Amazon spokesperson told CNBC.

In a January interview with CNBC, Cicilline said it was evident the digital marketplace was “not functioning properly” and said he planned to create bipartisan regulatory proposals to address the issues after releasing the report. The report was initially expected by early April but has been delayed due to the pandemic.

The subcommittee also heard from smaller businesses that compete with Amazon services or claim to have experienced “bullying” tactics to coerce sellers into lowering their prices on the platform. Amazon has argued it is incentivized to keep sellers on its site and that there are other options if they want to leave. Sellers that have spoken out say the available alternatives would provide only a fraction of the revenue they’re able to make on Amazon. 

The chairman of the full Judiciary Committee, Jerrold Nadler, D-N.Y., said that if true, the Journal’s report “raises deep concerns about Amazon’s apparent lack of candor before the Committee regarding an issue that is central to our investigation.”

“Amazon has had opportunities to correct the record on its business practices. It is deeply concerning that, beginning with the hearing last year, they may have misled Congress rather than be fully forthcoming on this matter, notwithstanding our repeated requests in this regard,” Nadler said, adding that the committee would “seek clarification from Amazon in short order.” 

Amazon has been playing an integral role in getting Americans food and other goods while stuck in their homes during the coronavirus pandemic. But Nadler made clear in his statement that those efforts would not insulate it from antitrust scrutiny.

“While we acknowledge and are appreciative of Amazon’s ongoing work to support Americans during the COVID-19 crisis, we still need to understand the business practices existing prior to the pandemic that resulted in Amazon becoming the primary provider of goods online to millions of Americans,” Nadler said.

Subscribe to CNBC on YouTube.

WATCH: How US antitrust law works, and what it means for Big Tech

[ad_2]

This content first appear on cnbc

You might also like

Billionaire Mark Zuckerberg loses $5.9bn in a day as Facebook faces rare outage, whistleblower testimony

Global cases top 3.6 million, Trump says more deaths inevitable

Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition

Tags: Amazon.com IncBreaking News: Technologybusinessbusiness newsDavid CicillineMobilepoliticsSocial mediatechnology
Previous Post

Cardiology Fellows Adapt During COVID-19

Next Post

LIST | Here’s what you can and can’t do during level 4 of the lockdown

Loud Silence Staff

Loud Silence Staff

Related Posts

US Business

Billionaire Mark Zuckerberg loses $5.9bn in a day as Facebook faces rare outage, whistleblower testimony

by News Reporter
October 5, 2021
Global cases top 3.6 million, Trump says more deaths inevitable
US Business

Global cases top 3.6 million, Trump says more deaths inevitable

by Loud Silence Staff
May 6, 2020
Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition
US Business

Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition

by Loud Silence Staff
May 6, 2020
US Business

United Airlines service workers sue over schedule cuts after airline got federal coronavirus aid

by Loud Silence Staff
May 5, 2020
Disney reports quarterly earnings, and TikTok gains more influence
US Business

Disney reports quarterly earnings, and TikTok gains more influence

by Loud Silence Staff
May 5, 2020
Next Post
LIST | Here’s what you can and can’t do during level 4 of the lockdown

LIST | Here's what you can and can't do during level 4 of the lockdown

Recommended

Galamsey’ queen’ Aisha Huang re-arrested and remanded by Accra Court

Galamsey’ queen’ Aisha Huang re-arrested and remanded by Accra Court

September 5, 2022
Time to reflect a ‘blessing in disguise’ for Lions’ Whiteley

Time to reflect a ‘blessing in disguise’ for Lions’ Whiteley

April 20, 2020

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

Minority makes a strategic change of leadership in parliament with Ato Forson as Minority leader.
Ghana News

Minority makes a strategic change of leadership in parliament with Ato Forson as Minority leader.

January 24, 2023
Kusi Boateng’s JNS has never paid taxes neither have they ever filed annual tax returns – Okudzeto Ablakwa
Ghana News

Kusi Boateng’s JNS has never paid taxes neither have they ever filed annual tax returns – Okudzeto Ablakwa

January 23, 2023
Akufo Addo Spent ¢10bn of Covid-19 funds on ‘budget support’ – Auditor-General’s report
Ghana News

Akufo Addo Spent ¢10bn of Covid-19 funds on ‘budget support’ – Auditor-General’s report

January 23, 2023
OSP Kissi Agyebeng Protects NPA Boss Mustapha Hamid Over Illegal Contract
Ghana News

OSP Kissi Agyebeng Protects NPA Boss Mustapha Hamid Over Illegal Contract

January 22, 2023
Hon. Okudzeto Ablakwa Exposes Serious Criminal conduct Of Kusi Boateng Who is the Secretary of the Board of Trustees of Akufo Addo’s Cathedral
Ghana News

Hon. Okudzeto Ablakwa Exposes Serious Criminal conduct Of Kusi Boateng Who is the Secretary of the Board of Trustees of Akufo Addo’s Cathedral

January 16, 2023
It’s so late deserting the already Sunk ship – Mahama jabs Alan, Afriyie Akoto
Ghana News

It’s so late deserting the already Sunk ship – Mahama jabs Alan, Afriyie Akoto

January 13, 2023

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.