For Some Startups, Amazon Funding Is a Double-Edged Sword

We report that Amazon met with startups about investing, and then launched their own, competing products. The news comes just days before CEO Jeff Bezos is set to testify before Congress in a hearing about antitrust concerns. Reporter Dana Mattioli joins us to explain. Amanda Lewellyn hosts. Correction: When it invested in DefinedCrowd, Amazon's Alexa Fund gained access to DefinedCrowd's financials and other confidential information. A previous version of this podcast incorrectly said Amazon gained access to those details. Learn more about your ad choices. Visit megaphone.fm/adchoices