Amazon CEO Jeff Bezos admitted that it's possible Amazon's policy against using seller data to inform its own private-label products has been violated in the past.
Bezos replied that while Amazon has an internal policy that prohibits that practice, he can't say for sure that the company has never violated its own policy. Bezos went on to say that the policy itself is "voluntary" in that Amazon chose to create it — it's not a policy any other retailer has. When it comes to enforcement, Amazon would treat its policy regarding seller data "like any internal policy," Bezos said.
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:
Weird. I can guarantee it has.
United States United States Latest News, United States United States 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 releases CEO Jeff Bezos' remarks ahead of antitrust hearing - Business InsiderJeff Bezos will tell Congress that Amazon's size is a good thing, and that it faces plenty of competition from rivals like Walmart: 'Just like the world needs small companies, it also needs large ones' Bezos is right, but the issue is how to protect/encourage and make competitive small businesses in order to compete with those two behemoths? he has too much power Break them up, next the banks 🏦
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook, Amazon CEOs to defend their companies before U.S. Congress by listing competitorsAmazon.com Inc Chief Executive Jeff Bezos and Facebook Inc's Mark Zuckerberg will defend their respective companies before a congressional hearing on Wednesday by saying they face intense competition from large rivals. Going to be one short list! 👀👆🏿 Competitors...HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Source: Reuters - 🏆 2. / 97 Read more »
MacKenzie Scott donates $1.7 billion of her wealth since split with Jeff Bezos - 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. Okay? Spread the wealth How about lead with her name? A billionaire giving away her fortune should be enough of a signifier. Misogyny never ends.
Source: BusinessInsider - 🏆 729. / 51 Read more »