In both instances, Amazon did not communicate with BuyBoxer on why it was suspended until several days after, costing the company tens of thousands of dollars in sales.
Sellers have stated for years that Amazon will sometimes duplicate items from their own catalog that perform well on the website. The retailer has access into the data on third-party sales, and some say they do not use that data in good faith. Jeff Peterson Bezos did not provide a clear answer on how that data is used. "What I can tell you is we have a policy against using seller-specific data to aid our private-label business," the CEO said. "But I can't guarantee you that policy has never been violated."
After all, sellers consent to giving Amazon their sales data. It may leave a bad taste in someone's mouth, but it's not illegal.
Good CEOs who are really not so good human beings are really good at bullshtting.
Agreed
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
Jeff Bezos says Amazon may have violated its own seller data policies - 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. Weird. I can guarantee it has.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tech antitrust: Recap of Bezos, Cook, Zuckerberg, Pichai testimony - Business InsiderCEOs from Apple, Amazon, Google, and Facebook had to defend their companies against what lawmakers called 'a pattern of' monopolistic behavior. Here's how each was grilled during Wednesday's landmark hearing. Your links never open in Nigeria
Source: BusinessInsider - 🏆 729. / 51 Read more »
Sen. Mark Warner opposes Big Tech break-up – for now: 'Chinese companies may not be the better alternative'Warner's remarks came after Jeff Bezos of Amazon, Facebook's Mark Zuckerberg, Sundar Pichai of Google and Apple's Tim Cook testified before Congress on antitrust and anti-competitive behavior. China sure comes in handy. Ah yes monopolies are the answer. Hot take A break-up is not necessary, if the laws are in place to regulate the improper use of data collection!
Source: CNBC - 🏆 12. / 72 Read more »
Amazon emails show how Jeff Bezos handled the Ring deal - 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. Lol. Wait. So the Point of your article was that he bought a company as a business move and not just because he arbitrarily likes technology? I thought we kind of already knew that 🤔 You accidentally mispelled revenue with market position. 🤣 wait... the world's richest person is a smart business man? How dare he know how to run a successful business!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Big Tech testifies: Bezos promises action if investigation reveals misuse of seller data, Zuckerberg defends Instagram acquisitionThis is CNBC's live blog of the House Antitrust Subcommittee hearing featuring testimony from the CEOs of Amazon, Apple, Facebook and Google. You dont get to the rank of CEO at those companies if you are going to answer any question candidly. We know what they testified and it was ALL BULL SHIT and LIES. one of the very few congressional hearings i've watched that i found informative and interesting.
Source: CNBC - 🏆 12. / 72 Read more »