The Amazon CEO will tell lawmakers Amazon is great for small businesses, customers and its investors.
Bezos will tell the House Antitrust Subcommitee that Amazon now employs a million people and that it built an online marketplace that allows some third-party sellers -- independent "entrepreneurs" -- to make more than $100,000 a year. He acknowledges that Amazon is "a large company" but that its sprawling scale has created more than $1 trillion of wealth for its shareholders, which include "fire, police, and school teacher pension funds.
The remarks also highlight personal information about his life, like the fact that his mother was a 17-year-old high school student when he was born, and that his adoptive father emigrated from Cuba. They were among Amazon's first investors. "It's not a coincidence that Amazon was born in this country," Bezos said in his prepared remarks. "More than any other place on Earth, new companies can start, grow, and thrive here in the U.S."
In a common theme for Bezos and the company, the statement repeatedly mentions Amazon's drive to please customers, and notes that this focus has made Amazon one of the country's most trusted institutions. "Researchers at Georgetown and New York University found in 2018 that Amazon trailed only the military among all respondents to a survey on institutional and brand trust. Among Republicans, we trailed only the military and local police; among Democrats, we were at the top, leading every branch of government, universities, and the press," the statement says.
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