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Amazon's business practices examined by two U.S. states

Stock MarketsJun 13, 2020 06:05AM ET
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© Reuters. FILE PHOTO: Amazon logistics center in Lauwin-Planque

(Reuters) - State investigators in both California and Washington are examining Amazon (NASDAQ:AMZN)'s business practices, two newspapers reported, citing people familiar with the matter.

The inquiries focus at least in part on how Amazon treats sellers in its online marketplace, the Wall Street Journal and the New York Times (NYSE:NYT) reported on Friday.

Amazon declined to comment on the report of an investigation by California. It was not immediately available for comment outside regular market hours on the Washington review report.

The reports said California state is reviewing Amazon's practices on selling its own products in competition with third-party vendors. Amazon said its in-house products only account for about 1% of its total annual retail sales.

Washington state is also investigating whether Amazon makes it harder for sellers to list their products on other websites, the NYT reported. The inquiries did not appear to be in advanced stages, the NYT report added, citing sources.

A spokeswoman for the Washington attorney general told the NYT that the office did not confirm or deny investigations. California attorney general's office told the NYT that it does not comment on any pending or potential investigations.

The California and Washington attorney generals were not immediately available when approached by Reuters for comment.

The U.S. House of Representatives Judiciary Committee last month called on Chief Executive Jeff Bezos to testify about allegations that Amazon uses data from its own third-party sellers to create competing products.

Amazon is already being investigated by the European Commission for its dual role as a marketplace and as a rival, after complaints from traders.

It may also face EU antitrust charges in the coming weeks over its use of data on merchants with whom it competes on its platform, Reuters reported on Thursday, citing a source.

Amazon's business practices examined by two U.S. states
 

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Comments (2)
Brandon Son
Brandon Son Jun 13, 2020 2:54AM ET
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take them down. they are so massive and immensely powerful
Brady Murray
Brady Murray Jun 12, 2020 4:28PM ET
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Keep pressing them and they will pack it up. The people's Republic just doesn't get it.
TimAi Day
TimAi Day Jun 12, 2020 4:28PM ET
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They wont. Amazon make to much money in ca. Dont milk them d ry. Thats all.
Kilo Byte
Kilo Byte Jun 12, 2020 4:28PM ET
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To where?  Oklahoma?  Their A team talent doesn't want to live in flyover country.
James Pattison
James Pattison Jun 12, 2020 4:28PM ET
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Kilo Byte dont need flyover country at all... till those big blue states spend themselves in bankruptcy... and then we all need to seen them money and dismiss their irresponsible spending... when you decide its uninhabitable in those places, and move to “flyover” country please let your politics “flyover” also...
Kilo Byte
Kilo Byte Jun 12, 2020 4:28PM ET
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James Pattison I agree the commie blue states are wreckless spenders, but the red state wastelands are not the economic powerhouse of this nation.
 
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