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Amazon, Facebook, and Google defend themselves in antitrust probe
Amazon.com Inc., Facebook Inc. and Alphabet Inc.’s Google defended their business practices to U.S. lawmakers conducting a broad antitrust inquiry, seeking to underscore their companies face stiff competition in their respective industries.
Amazon, for example, argued that much of the data it keeps regarding third-party merchants who use its online marketplace is public and that analyzing aggregate sales data to bolster its private-label strategy is a common practice in the retail industry. [Bloomberg]
Amazon.com Inc., Facebook Inc. and Alphabet Inc.’s Google defended their business practices to U.S. lawmakers conducting a broad antitrust inquiry, seeking to underscore their companies face stiff competition in their respective industries.
Amazon, for example, argued that much of the data it keeps regarding third-party merchants who use its online marketplace is public and that analyzing aggregate sales data to bolster its private-label strategy is a common practice in the retail industry. [Bloomberg]