Amazon faces U.S. antitrust scrutiny on cloud enterprise: Bloomberg

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FILE PHOTO: The brand of Amazon is seen on the door of an Amazon Books retail retailer in New York Metropolis, U.S., February 14, 2019. Information/Brendan McDermid

(Information) – U.S. Federal Commerce Fee (FTC) has broadened its scrutiny of Amazon.com Inc past its retail operations to incorporate its cloud-computing enterprise, Bloomberg reported on Wednesday, citing individuals acquainted with the matter.

The U.S. antitrust enforcers have been asking software program firms about practices round Amazon’s cloud unit Amazon Internet Companies, the report stated.

FTC and Amazon didn’t instantly reply to Information’ request for remark.

In cloud computing, one of many fastest-growing areas within the know-how trade, companies hire out servers from Amazon as a substitute of working their very own information facilities.

Analysts anticipate Amazon’s cloud unit, which is the worldwide chief when it comes to market share, to generate $34.9 billion in gross sales in 2019, based on IBES information from Refinitiv.

Reporting by Rishika Chatterjee in Bengaluru, Enhancing by Sherry Jacob-Phillips