Amazon’s Anti-trust Investigation is About to Open

Christopher Zenios15/09/20192min
According to news from Bloomberg, it is possible that the Federal Trade Commission may be starting the initial steps to announce an investigation into Amazon concerning Amazon Marketplace.

Reports say that attorneys and potentially one economist have been conducting interviews with small businesses that sell products via Amazon. The three merchants interviewed reported to Bloomberg that the interviews were lengthy and in-depth.

The merchants reported that they were asked specifically the amount of revenue they gain from Amazon sales compared to other e-commerce websites such as eBay, with interviews lasting up to 90 minutes.

Former Federal Trade Commission officer Michaels Kades commented:

Early in an investigation, that’s a sign of staff doing a serious job,

he added, “They’re spending lots of time with witnesses and trying to really understand what they’re saying.”

Bloomberg Intelligence analyst Jennifer Rie also commented on the interviews stating “the questioning had the hallmarks of the background phase of an investigation”

Amazon is certainly not the only tech company to receive scrutiny with investigations into Facebook starting in June and an investigation from 50 state attorneys looking into Google also announced. Amazon itself is already under investigation by the European Union as of July this year.

Concerning the looming investigation from the FTC both Amazon and the FTC declined to comment when asked for a comment from Business Insider and Bloomberg.

Christopher Zenios

Christopher has always been a pioneer, a first adopter when it comes to technological advancements. Over the years, his expertise surrounded the real estate and digital markets and their evolution in today's society. After being the editor to various professional business news portals and blogs, he was selected to become the chief editor for HWC. Contact Christopher at +357-22029786 ext: 6110 or by email at [email protected] for editorial related questions.

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