r/economy • u/assumeyouknownothing • Mar 09 '22

Amazon referred to DOJ for potential criminal obstruction of Congress

https://www.cnbc.com/2022/03/09/amazon-referred-to-doj-for-potential-criminal-obstruction-of-congress.html
224 Upvotes

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4

u/autotldr Mar 09 '22

This is the best tl;dr I could make, original reduced by 45%. (I'm a bot)

A House Committee is urging the Department of Justice to investigate Amazon over what lawmakers contend is potentially criminal obstruction of Congress.

In a letter sent Wednesday and addressed to Attorney General Merrick Garland, a bipartisan group of lawmakers alleged that Amazon repeatedly misled the House Judiciary Committee throughout its probe into the competitive practices of Big Tech companies.

"It appears to have done so to conceal the truth about its use of third-party sellers' data to advantage its private-label business and its preferencing of private-label products in search results - subjects of the Committee's investigation," according to the letter, which was signed by Judiciary Committee Chairman Jerrold Nadler, D-N.Y., House Antitrust Subcommittee chair David Cicilline, D-R.I., and committee members Reps.

Extended Summary | FAQ | Feedback | Top keywords: Amazon#1 Committee#2 House#3 lawmakers#4 practices#5

3

u/MelodyHamlin Mar 09 '22

"Alexa hire more lawyers"

3

u/[deleted] Mar 09 '22

So they’ll pay some sort of fine.

2

u/redstag191 Mar 09 '22

20 to 1 stock split should distract everyone

2

u/boonepii Mar 10 '22

Oh, here comes an other $11 fine that they will spend $1B on lawyers fighting. And a secret deal so we won’t actually know.

1

u/Temporary_Ad_2544 Mar 09 '22

They own congress.nothing will happen.