Amazon lawyer Nate Sutton denied the company uses data it collects on sales to favour its own products over third-party sellers. The session marked the first time the companies have faced grilling from Congress about whether they are hindering competition. All four companies repeatedly insisted that they face abundant competition, from one another and from other companies. Although Amazon controls about half of US e-commerce sales, Sutton pointed out the company makes up just 4% of all retail sales, with competition from Walmart Inc. and Kroger Co., among others. Facebook’s Director of Public Policy Matt Perault pointed to competition from Apple, Amazon and Google, among others.

Source: Mint July 17, 2019 06:26 UTC