Amazon's Antitrust Case Could Have Huge Consequences For Sellers
Paul Raelson joins me today to pick apart the implications from a legal perspective and the wholesale changes that would be required if this is reinforced. \xa0 Amazon statement on negative effects of proposed House legislation \xa0 Amazon released the following statement from Brian Huseman, vice president of Public Policy, on proposed legislation introduced by members of the U.S. House of Representatives: \u201cWe are still analyzing the bills, but from what we can tell so far, we believe they would have significant negative effects on the hundreds of thousands of American small- and medium-sized businesses that sell in our store, and tens of millions of consumers who buy products from Amazon. More than a half million American small- and medium-sized businesses make a living via Amazon\u2019s marketplace, and without access to Amazon\u2019s customers, it will be much harder for these third-party sellers to create awareness for their business and earn a comparable income. Removing the selection of these sellers from Amazon\u2019s store would also create less price competition for products, and likely end up increasing prices for consumers. The Committee is moving unnecessarily fast in pushing these bills forward. We encourage Chairman Cicilline and committee members to slow down, postpone the markup, and thoroughly vet the language in the bills for unintended negative consequences.\u201d