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Tuesday, October 4, 2022
Hometech newsJeff Bezos, Andy Jassy Ordered by US FTC to Testify in Amazon...

Jeff Bezos, Andy Jassy Ordered by US FTC to Testify in Amazon Prime Probe


Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the federal government’s investigation of Amazon Prime, rejecting the corporate’s criticism that the executives are being unfairly careworn in the probe of the preferred streaming and buying groceries carrier.

The Federal Trade Commission issued an order past due Wednesday denying Amazon’s request to cancel civil subpoenas despatched in June to Bezosthe Seattle-based corporate’s former CEO, and Jassy, The order additionally units a time limit of Jan. 20 for the final touch of all testimony by Bezos, Jassy and 15 different senior executives, who had been additionally subpoenaed.

Jassy took over the helm of the net retail and tech massive from Bezos, some of the international’s richest folks, in July 2021. Bezos become govt chairman.

Amazon hasn’t made the case that the subpoenas “present undue burdens in terms of scope or timing,” FTC Commissioner Christine Wilson mentioned in the order on behalf of the company. However, the FTC did agree to regulate some provisions of the subpoenas that it stated seemed too wide.

The FTC has been investigating since March 2021 the sign-up and cancellation practices of Amazon Prime, which has an estimated 200 million participants world wide.

The corporate mentioned it used to be disillusioned however now not stunned that the FTC most commonly dominated in want of its personal place, nevertheless it used to be happy that the company “walked backed its broadest requests” in the subpoenas.

“Amazon has cooperated with the FTC throughout the investigation and already produced tens of thousands of pages of documents,” the corporate mentioned in a commentary. “We are committed to engaging constructively with FTC staff, but we remain concerned that the latest requests are overly broad and needlessly burdensome, and we will explore all our options.”

In a petition to the FTC filed last month, the company objected to the subpoenas to Bezos and Jassy, ​​saying the agency “has identified no legitimate reason for needing their testimony when it can obtain the same information, and more, from other witnesses and documents ” Amazon said the FTC was hounding Bezos, Jassy and the other executives, calling the information demanded in the subpoenas “overly broad and burdensome.”

The investigation has widened to include at least four other Amazon-owned subscription programs: Audible, Amazon Music, Kindle Unlimited, and Subscribe & Save, as well as an unidentified third-party program not offered by Amazon. The regulators have asked the company to identify the number of consumers who were enrolled in the programs without giving their consent, among other customer information.

With an estimated 150 million US subscribers, Amazon Prime is a key source of revenue, as well as a wealth of customer data, for the company, which runs an e-commerce empire and ventures in cloud computing, personal “smart” tech and beyond . Amazon Prime costs $139 a year. The service added a coveted feature this year by obtaining exclusive video rights to the NFL’s “Thursday Night Football.”

Last yr, Amazon requested unsuccessfully that FTC Chair Lina Khan step excluding separate antitrust investigations into its trade, contending that her public grievance of the corporate’s marketplace energy prior to she joined the federal government makes it not possible for her to be independent. Khan used to be a fierce critic of tech giants Facebook (now Meta, Google and Apple, in addition to Amazon. She arrived at the antitrust scene in 2017, writing an influential learn about titled “Amazon’s Antitrust Paradox” when she used to be a Yale regulation scholar.


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Abhishek Tiwari
Abhishek Tiwarihttps://www.cyberyukti.com
Abhishek Tiwari is the Author & Founder of the CyberYukti.com. He is passionate about Blogging & Digital Marketing.
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