Big Tech Robber Barrons

Discussion of current events
Post Reply
User avatar
Doc
Posts: 5095
Joined: Thu Dec 15, 2016 7:09 pm
Location: Cradle To Grave

Big Tech Robber Barrons

Post by Doc » Thu Feb 18, 2021 10:08 pm

https://www.reuters.com/investigates/sp ... operation/

Amazon documents reveal company’s secret strategy to dodge India’s regulators




Amazon favored big sellers on its India platform – and used them to maneuver around rules meant to protect the country's small retailers from getting crushed by e-commerce giants, internal documents show. As one presentation urged: “Test the Boundaries of what is allowed by law.”

By ADITYA KALRA

Filed Feb. 17, 2021, noon GMT

NEW DELHI – It was early 2019, and senior Amazon.com Inc executive Jay Carney was preparing for an important meeting. The former press secretary to U.S. President Barack Obama, Carney was scheduled to talk with India’s ambassador to the United States in Washington, D.C. In Delhi, the Indian government had just announced foreign direct investment regulations that threatened to disrupt Amazon’s business in the world’s second most populous country.

Before the meeting, Amazon employees prepared a draft note for Carney. The note, reviewed by Reuters, advised Carney what to say – and what not to say.

He should highlight the fact that Amazon had committed more than $5.5 billion in investment in India and how it provided an online platform for 400,000-plus Indian sellers. But he was cautioned not to divulge that some 33 Amazon sellers accounted for about a third of the value of all goods sold on the company’s website. That information, the note advised, was “Sensitive/not for disclosure.”
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

Post Reply