Estimated reading time: 0 minutes, 37 seconds

Amazon has been accused of stealing ideas from startups. The accusation is that Amazon presents itself as an investor to these startups only to create competing, almost identical, products later. So reports The Wall Street Journal.

Amazon"For 26 years, we've pioneered many features, products, and even whole new categories. From itself to Kindle to Echo to AWS, few companies can claim a track record for innovation that rivals Amazon's,” an Amazon spokesperson said to Business Insider in a July 23rd statement. “Unfortunately, there will always be self-interested parties who complain rather than build. Any legitimate disputes about intellectual property ownership are rightly resolved in the courts." Two dozen entrepreneurs have accused Amazon of this.”

Read the full article from The Wall Street Journal.

Read 62 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline