US looking into Amazon e-commerce tactics: report

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NEW YORK: U.S. regulators are investigating whether e-commerce giant Amazon uses information from merchants to create its own products through its platform, The Wall Street Journal reported Wednesday.

The SEC is asking executives for copies of emails and other communications about how Amazon employees use seller information, The Wall Street Journal reported, citing people familiar with the matter.

Neither the SEC nor Amazon responded to requests for comment.

In a previous report, the paper cited former Amazon employees as saying the online retail giant used data from other sellers on its platform without their permission.

Amazon gathered information about sales trends by third parties at its website to develop private-label products, the Journal reported.

The House Judiciary Committee has been looking into Amazon’s practices since 2019, and has grilled founder Jeff Bezos and others on the topic during hearings.

In March, members of the committee called on US Attorney General Merrick Garland to investigate whether the Seattle-based company broke the law.

They accused an Amazon executive of lying under oath by saying the company did not use any data from third-party vendors.

Amazon has denied the allegations but failed to provide supporting documents requested by elected officials, according to the committee.

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