Everything We Learned About Amazon From Jeff Bezos’ Antitrust Testimony
20 takeaways from the CEO's appearance before the House Judiciary Committee
Jeff Bezos weighed in on small businesses, ecommerce and counterfeit goods in about 3.5 hours of testimony.
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Key Insights:
- Amazon uses aggregate seller data for private label products after all.
- Bezos "couldn’t disagree … more" that the platform is like "heroin" to sellers.
- Echo devices "may be" sold below cost and may have been considered essential goods during the pandemic.
- Bezos says Amazon does not glean competitive intelligence from its AWS customers.
Viewers had to wait 96 minutes to hear Amazon CEO Jeff Bezos field questions during his Congressional debut on Wednesday.
