Jeff Bezos will testify about how Amazon is the quintessential American company

  • 📰 CNBC
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The Amazon CEO will tell lawmakers Amazon is great for small businesses, customers and its investors.

Bezos will tell the House Antitrust Subcommitee that Amazon now employs a million people and that it built an online marketplace that allows some third-party sellers -- independent "entrepreneurs" -- to make more than $100,000 a year. He acknowledges that Amazon is "a large company" but that its sprawling scale has created more than $1 trillion of wealth for its shareholders, which include "fire, police, and school teacher pension funds.

The remarks also highlight personal information about his life, like the fact that his mother was a 17-year-old high school student when he was born, and that his adoptive father emigrated from Cuba. They were among Amazon's first investors. "It's not a coincidence that Amazon was born in this country," Bezos said in his prepared remarks. "More than any other place on Earth, new companies can start, grow, and thrive here in the U.S."

In a common theme for Bezos and the company, the statement repeatedly mentions Amazon's drive to please customers, and notes that this focus has made Amazon one of the country's most trusted institutions. "Researchers at Georgetown and New York University found in 2018 that Amazon trailed only the military among all respondents to a survey on institutional and brand trust. Among Republicans, we trailed only the military and local police; among Democrats, we were at the top, leading every branch of government, universities, and the press," the statement says.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🖕🏻🤮

🤨

Clearly not a full sample set

flies

fear paranoid sickness trust unknown

Bezos is like “trust me bro! And buy some mo!”

It’s ridiculous that these asshats ask questions and then don’t let the people answer.

Not Congress?

Well, I am pretty sure that there aren't any real adults that trust our politicians to do the right thing - they never do, but always like to say they will and say they did. Yet everything they touch is filled with waste and pork and corruption! I trust Amazon way more!

I’ve been wondering if they were going to have some engineers slap together AI to pose as them and answer these questions.... I’m still wondering.

Never support or trust the Juggernaut

Yeah, right. Amazon even has puts its dirty greedy claws on US Army

Is this just another one of those Democrat hearings where all they do is make unfounded allegations and never allow the 'witnesses' to respond? Then CNN summarizes the Democrat accusations since there were no responses given? Kindergarten all over again?

Lol. He's delusional.

What is this stageplay called?

come join us and 250 others watching and commenting on the hearings right now

Bro pay your taxes first before talking about trust.

While he is currently doing the wrong thing with his employees...

I don't even trust Amazon to get my package delivered on time so maybe Bezos should chill.

We trust Jeff Bezos to do the right thing LMFAOOOO

I trust anybody more other than Google, Apple, or Facebook

True. Because JeffBezos amazon customer service rocks. What can’t be solved in a chat is quickly done via a phone call. Glad that they are keeping that kind of service.

awscloud amazon ask him why they haven’t paid a penny in corporate tax but enjoy a cozy contract with the CIA Is it so his fellow seattleLEAD can play NSACyber w aws lax cybersecurity blaming lapses on its users. H1B visa for my FISA violations 🥳 we natives own halfOK✈️💥

BoycottPrime

Mother Sucking right!!! Just ask my UPS man.

American made in China....

It’s a monopoly who is capitalizing on a pandemic that is crushing small businesses across the country. Also Bezo’s grandfather was a high ranking official in DARPA. Must just be a coincidence.

Oh really, made in China Besos...

No, It's a monopoly and needs to be broken up.

How makes all the money and doesn’t give a shit about his workers?

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What Amazon's Jeff Bezos should expect from the tech antitrust hearing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Nothing will happen because he is far more powerful than any government. Probably AOC should do the questioning ! Trump doesn’t like him so there must be some good in the man.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon India expands Flex scheme for part-time delivery drivers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Dr Evil, is that you? Does he think that he is Morgan Freeman? 😌
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google beefs up ecommerce to compete with Amazon for search revenue - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. break up Amazon!
Source: BusinessInsider - 🏆 729. / 51 Read more »