Amazon.Com Inc

Amazon.Com Inc

Amazon Probed by U.S. Antitrust Officials Over Marketplace

Amazon probed by U.S. antitrust officials over marketplace


Amazon probed by U.S. antitrust officials over marketplace

(Bloomberg) -- A team of Federal Trade Commission investigators has begun interviewing small businesses that sell products on Inc. to determine whether the e-commerce giant is using its market power to hurt competition.Several attorneys and at least one economist have been conducting interviews

Amazon shares fell less than 1% to $1,812 at 9:36 a.m. in New York.

Amazon declined to comment and pointed to a statement Consumer Business chief Jeff Wilke made in June when asked about reports that the FTC was looking into Amazon. ”We believe that most substantial entities in the economy deserve scrutiny,” he said. “Our job is to build the kind of company that passes that scrutiny with flying colors.” The FTC declined to comment.

The FTC is also seeking to determine the extent of Amazon’s power over its suppliers. All three merchants fielded questions on how much of their revenue comes from Amazon compared with other online platforms. Many sellers get 90% or more of their sales from Amazon, making them vulnerable to the company’s demands and abrupt, unexplained changes in its policy.

Story continuesThe FTC’s interest in Amazon is spreading to sellers via word-of-mouth. Some merchants fear incurring Amazon’s wrath by cooperating with the agency. One who spoke with an FTC attorney said he was assured the conversation would be confidential unless it led to an official complaint against Amazon or the transcript was subpoenaed by Congress.

“I told them if Amazon suspends you, it’s like a death knell,” said Karnani, who has been selling on the site for two years. “I told them when Amazon shuts you off, they sit on your money for 90 days and there’s nothing you can do. They were surprised about that.”

Another Amazon merchant, who spoke on condition of anonymity, said he spent about 90 minutes on the phone with an FTC investigator in July and has since provided the agency with documents and data.

To contact the authors of this story: Spencer Soper in Seattle at ssoper@bloomberg.netBen Brody in Washington at

Read more: Yahoo News

Google's cloud chief Thomas Kurian on antitrust, Amazon competitionWhile Google has a commanding lead in digital ads, its smaller size in cloud computing may allow the company to do bigger deals in that sphere.

Looking to hire 30,000, Amazon plans nationwide job fairsAmazon is going on a hiring spree. The online shopping giant is holding job fairs across the country next week, aiming to hire more than 30,000 people by early next year. Amazon is looking for all kinds of workers, from software engineers, who can earn more than $100,000 a year, to warehouse staff Good

Brad Paisley to Star in ‘Fish Out of Water’ Amazon Comedy SeriesBrad Paisley could be set to make his debut as a series regular on TV. The country music star is attached to star in and executive produce “Fish Out of Water,” a half-hour comedy series…

Brad Paisley To Star In & Executive Produce ‘Larry Sanders’-Like Comedy In Works At AmazonAmazon has put in development Fish Out Of Water, a half-hour Larry Sanders-like comedy starring and executive produced by Grammy winner Brad Paisley, from A.D. Miles (Arrested Development, The Toni… No, he is not. There is only one Larry Sanders. 'It was a back tooth Hank' Please..just Please...

Opinion | Burning Questions About the Amazon FiresFrom WSJopinion: Much of the destruction in the Amazon took place where there was no economic incentive to protect the forest because there was no private ownership, writes MaryAnastasiaOG opinion MaryAnastasiaOG Asswipes are evil. Fascism kills opinion MaryAnastasiaOG 'no economic incentive to protect the forest because there was no private ownership' This is the best argument for the public commons I have ever seen. The economic incentive is to bulldoze it and build a Walmart. opinion MaryAnastasiaOG You guys are full of ignorance

Shopify will soon trail only Amazon for US e-commerce, and the stock is soaringShopify is expected to surpass eBay and become the second largest U.S. e-commerce platform behind Amazon in terms of sales volume, according to a note published by R.W. Baird on Monday. cnbc bagholders buybuybuy! can only go higher! 😐 Our mission at is to build the social media platform that ends fake news

Write Comment

Thank you for your comment.
Please try again later.

Latest News


11 September 2019, Wednesday News

Previous news

Japan new trade chief rejects Seoul's claim to WTO over export curbs

Next news

Patriots say NFL investigating allegations that Antonio Brown raped his former trainer