Amazon CEO Jeff Bazos testified before a House Judiciary subcommittee about whether the company is using its monopoly power to stifle competition.
Committee members grilled Bazos on whether Amazon is indeed treating competitors and small businesses fairly as they begin to achieve market dominance.
Bazos was asked if Amazon used the data from sellers on their platform against them and for Amazon to benefit including the copying of popular items at lower prices. The committee also questioned Amazon’s CEO about the problem of counterfeit goods and what the company is doing to try and stop this practice.
You can see everything Bazos said to congress on the video from CNet below