House Subcommittee Planning On Jeff Bezos Testimony This Spring

Amazon CEO Jeff Bezos may soon testify in Congress as part of an antitrust investigation into the digital marketplace. The investigation follows reports that Amazon used data from third-party sellers to boost its own products. Similar scrutiny is happening in the European Union. Concerns are rising about market consolidation in a post-COVID-19 economy, where investors may target smaller companies. As e-commerce grows, small businesses face challenges, highlighting the power imbalance with big corporations.

What is the main reason for the House Antitrust subcommittee's interest in having Jeff Bezos testify?

• To understand Amazon's marketing strategies

• To explore Amazon's employee benefits

• To investigate Amazon's use of third-party seller data

• To discuss Amazon's environmental policies

Which organization is also investigating Amazon for similar antitrust issues?

• International Monetary Fund

• European Union

• United Nations

• World Trade Organization

Why is the antitrust investigation considered more crucial now than before?

• Due to increased global trade

• Owing to new technological advancements

• Because of potential market consolidation post-COVID-19

• As a result of changes in consumer behavior

How has consumer behavior changed in recent years according to the video?

• There is a shift towards local markets

• Consumers are shopping more in physical stores

• There is a decline in online shopping

• Consumers have become more reliant on online shopping

What challenge do small businesses face in the current market environment?

• Lack of technological resources

• Difficulty in obtaining loans

• Struggles with maintaining their workforce

• Inability to expand globally