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US FTC says Amazon founder Jeff Bezos and CEO Andy Jassy should testify in investigation into Prime subscriptions – Information by Automobilnews.eu

US FTC says Amazon founder Jeff Bezos and CEO Andy Jassy should testify in investigation into Prime subscriptions


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

The corporate mentioned it was disillusioned however not shocked that the FTC largely dominated in favour of its personal place, however it was happy that the company “walked backed its broadest requests” within the subpoenas.

“Amazon has cooperated with the FTC all through the investigation and already produced tens of 1000’s of pages of paperwork,” the corporate mentioned in an announcement. “We’re dedicated to partaking constructively with FTC employees, however we stay involved that the newest requests are overly broad and needlessly burdensome, and we’ll discover all our choices.”

In a petition to the FTC filed final month, the corporate objected to the subpoenas to Bezos and Jassy, saying the company “has recognized no respectable motive for needing their testimony when it will probably get hold of the identical info, and extra, from different witnesses and paperwork.” Amazon mentioned the FTC was hounding Bezos, Jassy and the opposite executives, calling the knowledge demanded within the subpoenas “overly broad and burdensome”.

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The investigation has widened to incorporate at the least 4 different Amazon-owned subscription programmes: Audible, Amazon Music, Kindle Limitless and Subscribe & Save, in addition to an unidentified third-party programme not supplied by Amazon. The regulators have requested the corporate to determine the variety of customers who have been enrolled within the programmes with out giving their consent, amongst different buyer info.

With an estimated 150 million US subscribers, Amazon Prime is a key income, in addition to a wealth of buyer information, for the corporate, which runs an e-commerce empire and ventures in cloud computing, private “sensible” tech and past. Amazon Prime prices US$139 a 12 months. The service added a coveted characteristic this 12 months by acquiring unique video rights to the NFL’s “Thursday Night time Soccer”.

Final 12 months, Amazon requested unsuccessfully that FTC Chair Lina Khan step except for separate antitrust investigations into its enterprise, contending that her public criticism of the corporate’s market energy earlier than she joined the federal government makes it not possible for her to be neutral. Khan was a fierce critic of tech giants Automobilnews (now Meta), Google and Apple, in addition to Amazon. She arrived on the antitrust scene in 2017, writing an influential research titled “Amazon’s Antitrust Paradox” when she was a Yale legislation pupil.

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US FTC says Amazon founder Jeff Bezos and CEO Andy Jassy should testify in investigation into Prime subscriptions – Information by Automobilnews.eu
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