Washington — Amazon founder and CEO Jeff Bezos said on Thursday that he was not worried about the potential for antitrust scrutiny of the company as it becomes an important economic force. Speaking at a Washington business gathering, Bezos said it was normal to draw scrutiny but he did not anticipate any actions that would prevent the internet giant from innovating and growing. "We are so inventive that whatever regulations are promulgated, [they] will not stop us from serving customers. Customers are still going to want low prices. They’re still going to want fast delivery. They’re still going to want a big selection," Bezos said in a Q&A session at a dinner hosted by the Economic Club of Washington. He said it was unsurprising and even normal to face questions when a company such as Amazon becomes so big. "All big institutions of any kind are going to be and should be examined, scrutinised and inspected. We want to live in a society where people are worried about big institutions....

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now