House Panel Wants Amazon CEO Jeff Bezos to Testify in Antitrust Probe

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.

More In Business

The Oil Market’s Next Big Test: War, Inflation and the Midterms

Rob Schroeder, Washington Bureau Chief at MarketWatch, breaks down oil prices, inflation, energy policy and the road to the midterm elections.

The New Complex: AI, Sports, Shopping and the Business of Culture

Complex President Moksha Fitzgibbons explains how the brand is blending media, AI, e-commerce, sports & live experiences to build a new kind of culture business

Stocks Keep Climbing Despite Macro Headwinds: What’s Driving the Rally?

Bret Kenwell, eToro’s U.S. Investment and Options Analyst, explains what’s driving stocks higher and whether the market rally has room to run.

Amazon’s Alexa Strategy Is Getting Much Bigger

Amazon’s Daniel Rausch, VP of Alexa and Echo, on Alexa’s AI evolution, the future of voice commerce and why your next shopping assistant could be Alexa.

The Future of Plastic Might Be Growing in a Field: PlantSwitch CEO on the Packaging Revolution

PlantSwitch CEO Dillon Baxter reveals how agricultural byproducts like rice hulls and wheat straw could help replace plastics with plant-based alternatives.

Your Trash Could Have a Second Life: Inside TerraCycle’s Push to Reinvent Recycling

TerraCycle CEO Tom Szaky explains how the company is tackling hard-to-recycle waste, from vapes to packaging, and building a more circular economy.

Nugget Ice Goes Mainstream: Inside the Boom Sweeping U.S. Restaurants

Nugget ice is booming across America. Middleby CEO Tim FitzGerald explains the craze, restaurant demand and why the trend could become a major growth engine.

Lovable Raises $400 Million, Now A $13.3 Billion Valuation

Europe’s Lovable has raised $400 million in a Series C round, valuing the vibe-coding startup at a staggering $13.3 billion.

Big Business This Week: Peak Oil Panic And The Shift To Sustainable Energy

Is this the top for oil? Countries across the globe are cutting their dependence.

The Betting Boom Is Changing How Americans Watch Sports

Sports betting is booming as prediction markets reshape the industry. Past The Wire's Frank Zaccanelli breaks down what’s next for fans and investors.

Load More