Elizabeth Warren

Sen. Elizabeth Warren, in conversation with The New York Times’ Andrew Ross Sorkin, explained why she thinks big tech companies like Amazon should undergo more scrutiny.
For Warren, the issue lies with Amazon acting both as a platform for sellers and as a direct seller itself, all while collecting data from those transactions.
“Amazon gets this special information advantage that it [can] then exploit to wipe out [a business],” Warren told Sorkin. “That is a serious problem.”

Sen. Elizabeth Warren laid out her criticisms of Amazon — and why she thinks it should be scrutinized more closely.

Speaking with The New York Times’ Andrew Ross Sorkin on Thursday, Warren centered her criticism on the fact that Amazon is both a marketplace — essentially, a platform for other sellers — and a direct retailer itself.

The problem, Warren says, is that Amazon gets the data from all of these sales and doesn’t necessarily share it. With that information, Amazon can then create its own market conditions and develop a private-label brand.

“Amazon gets this special information advantage that it [can] then exploit to wipe out [a business],” Warren told Sorkin. “That is a serious problem.”

Warren said that, ultimately, Amazon should not be …read more


Source:: Businessinsider – Politics

      

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