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And, in 2019, another Amazon executive testified that the company does not use such data to create its own private-label products or alter its search results to favor them.īut the internal documents seen by Reuters show for the first time that, at least in India, manipulating search results to favor Amazon's own products, as well as copying other sellers' goods, were part of a formal, clandestine strategy at Amazon-and that high-level executives were told about it.
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Congress in 2020, Amazon founder Jeff Bezos explained that the e-commerce giant prohibits its employees from using the data on individual sellers to help its private-label business. "The employees also stoked sales of Amazon private-brand products by rigging Amazon's search results." "The documents reveal how Amazon's private-brands team in India secretly exploited internal data from Amazon.in to copy products sold by other companies, and then offered them on its platform," according to the reporters. The investigative report may ramp up such probes.Īditya Karla and Steve Stecklow report that "thousands of pages of internal Amazon documents examined by Reuters-including emails, strategy papers, and business plans-show the company ran a systematic campaign of creating knockoffs and manipulating search results to boost its own product lines in India, one of the company's largest growth markets." The company faces investigations regarding alleged anti-competitive behavior in the United States as well as Europe and India. Warren is a vocal advocate of breaking up tech giants including but not limited to Amazon. "These documents show what we feared about Amazon's monopoly power-that the company is willing and able to rig its platform to benefit its bottom line while stiffing small businesses and entrepreneurs," tweeted Warren (D-Mass.) "This is one of the many reasons we need to break it up." Elizabeth Warren on Wednesday renewed her call to break up Amazon after internal documents obtained by Reuters revealed that the e-commerce giant engaged in anti-competitive behavior in India that it has long denied, including in testimonies from company leaders to Congress. The Federal Trade Commission has been investigating Amazon and other big tech firms for unfair anti-competitive practices.Īmazon's market dominance in each of the industries where it operates is a death sentence for new ventures and startups.U.S. From books and online publishing to Internet commerce and its Amazon Web Services cloud computing, all of its business operations need to be closely scrutinized and regulated. The monopoly that Amazon enjoys reaches beyond one or two industry sectors. (“Amazon bullies partners and vendors, says antitrust subcommittee” | .) The House Judiciary subcommittee on antitrust violations issued a report saying that Amazon unfairly treats its business partners. (“NY AG sues Amazon over treatment of warehouse workers” | TechCrunch.) New York State Attorney General Letitia James' office has launched a lawsuit against Amazon for how the corporation has treated its workers during the pandemic.Īmazon needs to be regulated in terms of how it treats its partners and vendors. It needs to be regulated on how it treats employees and its entire workforce.
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Amazon needs to be broken into 34 smaller pieces very similar to how Standard Oil was treated nearly 100 years ago. Jeff Bezos is the Rockefeller of our time and Amazon is Standard Oil's equivalent in the digital age.