Congressman Buck cites company whose products replicated by Amazon at House antitrust hearing
Colorado Congressman Ken Buck says at a House Judiciary antitrust subcommittee hearing with executives from Amazon, Apple, Alphabet and Facebook that investigators had heard from a number of companies that Amazon uses proprietary data from third-party companies to launch its own private label products, each with them to discuss investing and then uses proprietary data to create its own products and allows sale of counterfeit items, Pop Socket CEO and investor David Barnett detailing including on CNBC how counterfeit products were put to sale on Amazon Marketplace in the Wall Street Journal detailed its use of third-party sales including the week before how Amazon's venture capital fund use meetings with unsuspecting startup companies to gain access, the information used to launch competing products with often disastrous results for the original startup company.
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May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonor any member of the U.S. House of Representatives or U.S. Senate, or bring the House or Senate or any Member into disrepute.
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Editorial #:
1262788801
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FedNet
Date created:
July 29, 2020
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Rights-ready
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Not released.ÌýMore information
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00:01:22:26
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Washington, DC, United States
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QuickTime 8-bit H.264 HD 1280x720 30p
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FedNet
Object name:
hju072920bn.mov
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