House Subcommittee Planning On Jeff Bezos Testimony This Spring

Amazon CEO Jeff Bezos is expected to testify in Congress soon, following a House Antitrust subcommittee investigation into Amazon's use of third-party seller data to boost its own products. This scrutiny is part of a broader antitrust investigation in both the US and EU. Concerns are rising about market consolidation post-COVID-19, as investors may acquire smaller companies. The growing reliance on e-commerce has increased its value significantly, while small businesses struggle to compete with large corporations.

What is the significance of Jeff Bezos not testifying in Congress?

What actions are being prepared by the House Antitrust subcommittee?

What are the main concerns raised by Congressman Cicilline regarding market consolidation?

What implications does the global antitrust scrutiny have for Amazon and big tech?

How has the value of e-commerce changed in recent years according to the text?