Amazon bought Ring for market position, not technology, emails suggest

Photo by Graeme Jennings-Pool / Getty Images On Wednesday, the House Judiciary Committee held its last hearing as part of its year-long investigation into anti-competitive behavior in the tech industry. As part of that probe, lawmakers obtained around 1.3 million documents from Amazon, Apple, Facebook, and Google ahead of their final hearing featuring the chief executives of each of the companies. Dozens of these documents were released on Wednesday, including email threads between CEO Jeff Bezos and other Amazon employees explaining the company’s decision to purchase Ring. “Feel good about moving forward with Ring due diligence, willing to pay for market position as it’s hard to catch the leader,” Jeff Helbling, an Amazon vice president, said in an email dated October 11th, 2017.... Continue reading…