WASHINGTON (REUTERS) - Lawmakers on the House Judiciary Committee's antitrust panel pressed an executive from Amazon.com Inc on Tuesday (July 16) about allegations that it competed against its own sellers and pushed them to buy advertising and fulfillment services.. Read more at straitstimes.com.
WASHINGTON - Lawmakers on the House Judiciary Committee's antitrust panel pressed an executive from Amazon.com Inc on Tuesday about allegations that it competed against its own sellers and pushed them to buy advertising and fulfillment services.
Representative David Cicilline, chair of the antitrust committee, pressed Nate Sutton, an associate general counsel at Amazon, about allegations that the online retailer used data about independent sellers on its platform to develop products to sell, thus competing against its own sellers. Sutton argued that the data was used solely to predict what customers wanted, and to offer it to them."The algorithms are optimised to what customers want to buy regardless of the seller," he said.
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