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- Amazon posted CEO Jeff Bezos' prepared testimony Tuesday on its blog ahead of his appearance at the historic Congressional tech antitrust hearing on Wednesday.
- Bezos plans to argue that Amazon's size benefits consumers, sellers, and the economy, and that it faces plenty of competition from rivals including Walmart, Instacart, and Shopify.
- "Just like the world needs small companies, it also needs large ones," Bezos is expected to say.
- Bezos along with the top executives of Apple, Facebook, and Google parent Alphabet are set to face questions from Congress on Wednesday, where they'll have to defend their companies' growing power.
- Visit Business Insider's homepage for more stories.
Amazon CEO Jeff Bezos plans to tell members of Congress that the company's size is actually a good thing, and that it still faces plenty of competition, according to prepared remarks posted to an official Amazon blog on Tuesday.
"Just like the world needs small companies, it also needs large ones," Bezos plans to say. "There are things small companies simply can't do. I don't care how good an entrepreneur you are, you're not going to build an all-fiber Boeing 787 in your garage."
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See Also:
- The leaders of the world's most powerful tech companies — Apple, Amazon, Facebook, and Google — will be speaking in front of Congress this week. Here's what we're expecting, and why it's a huge deal.
- Congress is gearing up to grill the CEOs of Facebook, Google, Amazon, and Apple in an antitrust hearing Wednesday — here's how to watch it
- Jeff Bezos will be an open target when he's questioned by Congress for the first time. These are the big flash points to watch for.
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