Congress to Bezos: Why would third-party sellers compare Amazon to a drug dealership? – Video

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Congress to Bezos: Why would third-party sellers compare Amazon to a drug dealer? - Video

Revealed: The Secrets our Clients Used to Earn $3 Billion

So I wanna speak to you about one business, that truly stood apart from the rest.
I desire you to pay very close attention to how they explain your collaboration Mr. Bezos.
We spoken with a little garments business that makes and offers, what they call helpful garments for individuals who deal with their feet and with their hands, like building and construction employees and firemens.
This specific company found and began offering a unique product that had actually been never ever been a leading seller for the brand name.
They were making about $60,000 a year on simply this one product.
One day they got up and discovered that Amazon had actually begun noting the specific very same item, triggering their sales to go to no over night.
Amazon damage their cost, offering it listed below what the producer normally permit it to be offered.
So that even if they wish to do they could not match the cost.
Here’s how the garments business explained dealing with Amazon and I price quote, Amazon strings you along for a while since it feels so excellent to get that income each week and in the past for absence of a much better term.
We call it Amazon heroin, since you simply kept going, and you needed to get your next repair your next check.
But at the end of the day, you learn that this individual who was relatively benefiting you, making you feel excellent was simply eventually going to be your failure and quote, Mr. Bezos This is among your partners.
Why in the world would they compare your business to a drug dealership?
Sir, I have fantastic regard for you in this committee, however I entirely disagree with that characterization.
What we have actually done is develop in the shop a location, if we return in time, we offered just our own stock.
Was an extremely questionable choice inside the business to welcome 3rd party sellers to come into what is truly our most important retail realty, our item information pages.
We did that since we were persuaded that it would be much better for the customer, it would be much better for the-
Mr.
Bezos.
Have all of that choice.
And I believe we were right.
And I believe it’s exercised well-
Reclaiming my time.
Unfortunately, this is among.
Reclaiming my time Mr Bezos.
This is among numerous little business that have actually informed us throughout this year long examination that they were maltreated, mistreated and discarded by Amazon.
Now, Mr. Bezos, you stated that Amazon is just concentrated on doing what’s finest for the consumer.
You simply stated it once again.
And that 3rd part and likewise 3rd party sellers.
But how is that possible when you contend straight with 3rd party sellers with your own items that damage the competitors Isn’t it an intrinsic dispute of interest for Amazon to produce and offer items on its platform that contend straight with 3rd party sellers, especially when you Amazon sets the guidelines of the video game?
Thank you.
No, I do not think it is.
We have the customers the one supreme deciding.
They’re deciding about What to purchase, what cost to purchase it at, who to purchase it from?
And what we attempt to do is make an accomplishment for-
That’s not the concern, Mr.
Bezos.
The concern exists an intrinsic dispute of interest?
Because you are an information business, you understand when clients put something in their cart, when they take it out.
Traditional traditional shops like a supermarket where competitors takes place do not have that.
So I simply wanna follow up lastly on a response to the concern that you provided to congressman Jaya Paul, you stated that you can’t ensure that the policy of not sharing 3rd party sellers information with Amazon Amazon’s online hasn’t been breached.
You could not be particular Can you please discuss that to me?
Can you note examples of which where that policy has been breached?
Because it’s especially worrying to me Mr. stages that should not 3rd parties understand for sure the information is being shown your own line their rivals.
Why should a 3rd party seller note their item on Amazon?
If you’re simply going to be damaged by Amazon own item as an outcome of information you draw from them.
Sir, I believe what what I desire you to comprehend I believe it is essential to comprehend.
Stand is that we have a policy versus utilizing specific seller information to take on our personal label items
You could not guarantee Miss Jaya Paul that that policy isn’t breached regularly.
Well, I’m we’re examining that and I and I do not wish to sit here and I do not wish to surpass what I understand today.
We are as an outcome of that wall street journal short article.
We are taking a look at that extremely thoroughly and truly share them with you.
Thank you and we anticipate it.
The proof we have actually gathered programs that Amazon is just.
Interested in exploiting its monopoly power over the e-commerce market to more broaden and secure this power.
This examination explains that Amazon’s double function as a platform operator and completing seller on that platform is essentially anticompetitive and Congress should do something about it.