Founder and CEO of Amazon Jeff BezosJeffrey (Jeff) Preston BezosHillicon Valley: Google Extends Telework Policy to 2021 July. | Intel community returns Russia’s final report to Senate committee declassified The investigation found that election officials were vulnerable to cyber attacks. The opinion of high-tech executives in the Hillicon Valley was reshaped on Wednesday. Senior intelligence officer warns Russia, Iran and China to target elections Short says he “often”; regrets his tweet | Tech CEO meeting postponed due to John Lewis services MORE In his introductory remarks ahead of Wednesday’s Congress, he will outline what he calls the “extraordinarily large” global retail market and the hundreds of thousands of jobs that the e-commerce giant has created over the decades.
Bezos intends to testify to lawmakers in Washington for the first time by attending a House Judiciary subcommittee meeting to discuss the power and size of Amazon, Google, Facebook and Apple. The hearing, which will take place in practice on the coronavirus outbreak, is coming because the committee needs a year-round investigation into the behavior of the companies and whether they have taken anti-complex techniques.
In an extensive introductory note posted on Amazon’s website tonight, Bezos intends to focus on his personal background and the company’s evolution from an online bookstore to a behemoth in both e-commerce and cloud services.
“I think Amazon should be checked,” Bezos said. “We should inspect all large institutions, whether they be companies, government agencies or non-profit organizations. It is our duty to make sure we oversee such inspections in flying colors.”
But Bezos will also highlight Amazon’s position in the $ 25 trillion global retail market, which he describes as “extremely competitive.” In his introductory report, he cites data showing that 80 retailers in the U.S. earn more than $ 1 billion in revenue each year, and notes that Walmart is “more than twice the size of Amazon.
He will also argue that, thanks to Amazon’s scale, its role has been the largest job creator in the United States over the past decade. In addition, Bezos plans to discuss Amazon’s success as a third-party vendor, estimating that “third-party businesses selling in Amazon stores have created more than 2.2 million new jobs worldwide.”
Bezos is likely to face a number of questions about Amazon’s dual role as an online marketer and seller of goods, as well as allegations that it used sales data from third-party vendors to produce competing products. Earlier this year, A Wall Street Journal report on the alleged practice prompted Rap. David CicillinDavid Nicola CicillineHillicon Valley: Google extends telecommuting policy to 2021 July. | Intel community returns Russia’s final report to Senate committee declassified The investigation found that election officials were vulnerable to cyber attacks. The House listened to high-tech executives who moved on Wednesday. Democrats expect the clash to resonate with the main bloc: Women MORE (DR.I.), chairman of the commission, to suggest that an Amazon official may have lied to Congress in testifying in 2019.
“At best, an Amazon witness seems to have misrepresented key aspects of Amazon’s business practices and missed important details in answering minor questions,” Cicilline said. “Worst of all, a witness Amazon sent to speak on her behalf may have lied to Congress.”
Amazon has said it prohibits employees from using sensitive, specific vendor data when determining what new products to deliver.
Amazon’s inspection has grown dramatically in recent years as the company has continued to grow. It is estimated that in February. The company will occupy about 44 percent of the U.S. e-commerce market.
Congress and the Department of Justice are investigating Amazon, Apple, Facebook and Google. Wednesday’s meeting will show for the first time that the CEO of high-tech companies will come to the congressional meeting at the same time.