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Foundering

Amazon Part 4: The Virtual Bazaar

Foundering

Bloomberg

Business, Tech News, Technology, News

4.71.1K Ratings

🗓️ 24 March 2022

⏱️ 37 minutes

🧾️ Download transcript

Summary

The Amazon Story

Transcript

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0:00.0

On October 24th, join top technology leaders, business executives, innovators and entrepreneurs

0:05.8

in London for the Bloomberg Technology Summit.

0:08.5

How can unprecedented digitisation help solve global challenges?

0:13.5

Speakers from GraphCore's Siemens, Deliveroo and Aber Voyage will explore the rapid advance

0:18.9

of AI and green technology and delve into the escalation of cyber warfare and more.

0:24.3

Learn more at www.bloomberglive.com slash tech summit 2023.

0:30.0

In July 2020, in the midst of the raging COVID-19 pandemic, the CEOs of the four major

0:36.9

technology companies were dragged before Congress.

0:40.8

They appeared virtually.

0:42.5

The purpose of today's hearing is to examine the dominance of Amazon, Apple, Facebook and

0:47.3

Google.

0:48.3

That's Rhode Island representative David Cicillini, the chairman of the House Antitrust

0:52.8

Subcommittee.

0:53.8

Do you swear or affirm under penalty of perjury that the testimony you're out to give

0:57.8

is true and correct to the best of your knowledge, information and belief, so help you

1:02.0

God.

1:05.6

In particular, he and the other lawmakers had hard questions for Jeff Bezos.

1:11.0

They were skeptical to put it mildly.

1:14.4

Lawmakers from both sides of the aisle united against him.

1:18.2

Why isn't Amazon more aggressive in ensuring that counterfeit goods are not sold on its

1:24.7

platform?

1:25.7

Thank you.

...

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