Connect with us

Internet

Amazon Executive Says Company Welcomes Scrutiny of Big Tech

Published

on

One of Amazon.com’s top executives on Wednesday responded to reported information gathering by US antitrust enforcers and to calls by some critics to break up the company with a simple message: we welcome any review.

“Substantial entities in the economy deserve scrutiny, and our job is to build the kind of company that passes that scrutiny,” Jeff Wilke, the CEO of Amazon’s consumer business, said at a press conference in Las Vegas.

A report by news site Vox on Tuesday said the US Federal Trade Commission was questioning Amazon’s competitors about the company, an example of growing scrutiny of the technology sector in Washington.

According to the report, the questioning regarded Amazon’s fulfilment service pricing, competition with third-party merchants selling through its website and the bundling of services in Amazon’s Prime loyalty program.

The US executive branch is gearing up for probes of Amazon, Apple, Facebook, and Alphabet’s Google, setting up what could be a wide-ranging and unprecedented investigation into some of the world’s most valuable companies, sources recently said.

Tech executives will be asked to testify as to whether their companies have misused their market power, too.

Amazon’s consumer CEO Wilke followed an approach to scrutiny taken by other executives. His boss, Amazon’s founder and CEO Jeff Bezos, has made similar comments, and Apple’s CEO Tim Cook said that huge companies deserved oversight, in an interview aired recently by CBS News.

“With size, I think scrutiny is fair. I think we should be scrutinised,” he said. But, he added, “I don’t think anybody reasonable is gonna come to the conclusion that Apple’s a monopoly.”

© Thomson Reuters 2019

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Internet

YouTube for Android TV can stream in 8K for only a few

Published

on

It seems like only yesterday when the market finally caught up with 2K and now TV makers and content publishers are already pushing 8K everywhere they can. It’s definitely going to take a lot of time before that even becomes as prevalent as 4K, especially considering the limitations when it comes to the availability of hardware and content. One such … Continue reading

Continue Reading

Internet

Samsung tri-fold phone, rollable tablet teased in official images

Published

on

Samsung still needs to check off a few things from its list before its foldable phone could be truly considered complete but that isn’t stopping it from cooking up other things. Of course, with a company as big as Samsung, it is often working on other things in the background, things that may never see the light of day. Often, … Continue reading

Continue Reading

Internet

OnePlus Nord DxOMark performance is what you’d expect

Published

on

The OnePlus Nord marks the company’s return to an underserved mid-tier smartphone market. By using a different name, OnePlus is ensuring that it won’t be confused for its higher-end models and that consumers will be able to set their expectations right. Those expectations shouldn’t be high, to begin with, but it would also be a disservice to write it off … Continue reading

Continue Reading

Trending