By Marcy Gordon

House lawmakers investigating the market dominance of Big Tech are asking Amazon CEO Jeff Bezos to testify to address possible misleading statements by the company on its competition practices.

In a letter to Bezos on Friday, leaders of the House Judiciary Committee are holding out the threat of a subpoena if he doesn’t agree voluntarily to appear.

Amazon used sensitive information about sellers on its marketplace, their products and transactions to develop its own competing products, according to a recent Wall Street Journal report. An Amazon executive denied such a practice in statements at a committee hearing last July, saying the company has a formal policy against it.

Amazon spokesmen had no immediate comment.

Share:
More In Business
Turning Unused PTO Into Cold, Hard Cash
Veetahl Eilat-Raichel, Founder and CEO of Sorbet, shares how employees can harness the value of their time off – and how companies can use PTO to employees’ benefit.
Fed Interest Rate Decision Coming Next Week
Brooke May, Managing Partner at Evans May Wealth, weighs in on how the market is expected to perform through the rest of 2024, plus why she’s still bullish on tech but cautious when it comes to financials.
Load More