• Disclaimer
  • Privacy Policy
  • Copyright Notice
  • Anti Spam Policy
  • Medical Disclaimer
  • DMCA Compliance
  • Terms and Conditions
  • Social Media Disclaimer
  • Amazon Affiliate disclaimer
Saturday, November 19, 2022
  • Login
westvirginiadigitalnews.com
Advertisement
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds
No Result
View All Result
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds
No Result
View All Result
westvirginiadigitalnews.com
No Result
View All Result
Home BUSINESS

Amazon criticizes FTC probe into Prime membership practices

Wisconsin Digital News by Wisconsin Digital News
August 16, 2022
in BUSINESS
0
Amazon criticizes FTC probe into Prime membership practices
0
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter



Amazon is simply outraged.

Since 2021, the tech giant has been the subject of a Federal Trade Commission investigation into its Prime membership subscription practices, with a focus on whether the company’s user interface might unfairly trick people into opting into the service. 

The formal investigation wasn’t confirmed until this week, when the agency made a legal filing by the company public. But something else was revealed along with it: how unfair Amazon thinks the whole affair is.

The filing argues at length that founder Jeff Bezos and current CEO Andy Jassy just don’t need to sit for an interview with the agency. 

“Jeffrey Bezos and Andrew Jassy further petition to quash their Individual CIDs [Civil Investigative Demand by the FTC] because staff has identified no legitimate reason for needing their testimony when it can obtain the same information, and more, from other witnesses and documents,” reads the filing, dated August 5.

The filing is a rare burst into public view of months of conflict between Amazon and FTC chair Lina Khan, who took over as commissioner in 2021. The 33-year-old Khan made a name for herself and her school of “hipster antitrust” theory which contended that major firms, especially Amazon, have too much power over markets. Khan is breaking with decades of antitrust practice when lower prices were the main standard adopted by the FTC.

The work that put her on the map was published in the Yale Law Review in 2017. It’s title: “Amazon’s Antitrust Paradox.”

Amazon bemoans ‘egregious’ conduct

Amazon also calls out the FTC’s “egregious” decision to prevent the company and its individual executives from retaining the same legal counsel.

Insider previously reported on the probe as well as the fact that the company has considered several fixes but executives shelved them on account of lower subscription growth, citing unreported internal documents and current and former employees..

Why aren’t Bezos and Jassy needed?  Amazon’s legal counsel says that not only has the company produced about 37,000 pages of documents, worked with the FTC to answer its questions, and followed up with the agency to ensure it was meeting its demands, but it can continue to produce documents and offer other employees to answer agency queries.

Some of the egregious conduct highlighted by Amazon: the company’s legal counsel says there was a four-month gap in communication from the FTC, ending in April of this year, when the agency announced that a new attorney was taking over the investigation. The FTC then initiated another CID in June that Amazon’s counsel says both “expanded” and “accelerated” the investigation, while simultaneously imposing a hard deadline for its completion that was completely “arbitrary.” 

“Staff’s handling of this investigation has been unusual and perplexing,” reads the filing, referring to the FTC.

The FTC did not respond to Fortune’s request for comment, while Amazon referred Fortune to its legal filing.

As for what comes next, the abstract of Khan’s 2017 article may provide some clues. “[T]he company has positioned itself at the center of e-commerce and now serves as essential infrastructure for a host of other businesses that depend upon it … We cannot cognize the potential harms to competition posed by Amazon’s dominance if we measure competition primarily through price and output. Specifically, current doctrine underappreciates the risk of predatory pricing and how integration across distinct business lines may prove anticompetitive. These concerns are heightened in the context of online platforms.”

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.



Source link

Wisconsin Digital News

Wisconsin Digital News

Related Posts

Activision Stock Still Looks Like a Buy. Here’s Why.
BUSINESS

Activision Stock Still Looks Like a Buy. Here’s Why.

November 19, 2022
Manchester United plans to sue Cristiano Ronaldo for breach of contract: report
BUSINESS

Manchester United plans to sue Cristiano Ronaldo for breach of contract: report

November 18, 2022
Equities, Currencies on Edge After Blast in Poland: Markets Wrap
BUSINESS

Equities, Currencies on Edge After Blast in Poland: Markets Wrap

November 16, 2022
Next Post
Press Release: Pollution from sediment in Lake Tahoe was reduced by 600,000 pounds in 2021, according to joint NV-CA report

Press Release: Pollution from sediment in Lake Tahoe was reduced by 600,000 pounds in 2021, according to joint NV-CA report

Four Ways of getting more Customers to Your Resort

Four Ways of getting more Customers to Your Resort

Costco Shopping Experience USA | हिंदी में | Indian Vlogger

Costco Shopping Experience USA | हिंदी में | Indian Vlogger

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Binance and WazirX disagree over ownership two years after acquisition announcement – TechCrunch

Binance and WazirX disagree over ownership two years after acquisition announcement – TechCrunch

4 months ago
Karen Bass’s home burglarized; firearms stolen

Karen Bass’s home burglarized; firearms stolen

2 months ago
2:00PM Water Cooler 9/30/2022 | naked capitalism

2:00PM Water Cooler 9/30/2022 | naked capitalism

2 months ago
roasted tomatoes with white beans – smitten kitchen

roasted tomatoes with white beans – smitten kitchen

4 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • APPS
  • ARTS & THEATER
  • BUSINESS
  • CELEBRITY
  • CRYPTO
  • CULTURE
  • ECONOMY
  • Education
  • ENTERTAINMENT
  • FASHION
  • FINANCE
  • FOOD
  • GADGET
  • Gambling
  • GAMING
  • HEALTH
  • HISTORY
  • LIFESTYLE
  • MARKET
  • MOBILE
  • MONEY
  • MOVIE
  • MUSIC
  • Nature
  • News
  • PRESS RELEASE
  • REAL ESTATE
  • Religion
  • SCIENCE
  • Shopping
  • SHOWS
  • SPORTS
  • TECH
  • TRAVEL
No Result
View All Result

Fivver Ads

Madison
◉
28°
Partly Cloudy
6:59 am4:35 pm EST
Feels like: 18°F
Wind: 10mph SSW
Humidity: 62%
Pressure: 30.17"Hg
UV index: 1
SunMonTue
27/19°F
37/28°F
39/27°F
Weather forecast Madison, New York ▸

Highlights

Hoax press release falsely claims Nigerian electoral body will probe ruling party candidate

EDITORIAL: We want press releases, but as text, not PDFs | Editorials

IRC welcomes White House request for additional humanitarian aid

10 Charged in Business Email Compromise and Money Laundering Schemes Targeting Medicare, Medicaid, and Other Victims | OPA

Positive Updated Interim Results from NOX-A12 GLORIA Phase 1/2 in Brain Cancer Presented at the Society for Neuro-oncology 2022 Annual Meeting

NASA Shares James Webb History Report – NASA

Trending

2022-11-11 | NYSE:USB | Press Release
PRESS RELEASE

2022-11-18 | NYSE:USB | Press Release

by Wisconsin Digital News
November 19, 2022
0

NEW ORLEANS, Nov. 18, 2022 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they...

US moves to shield Saudi crown prince in journalist killing

US moves to shield Saudi crown prince in journalist killing

November 19, 2022
Argo Files Investor Presentation Highlighting Transformation into a Leading U.S. Specialty Insurer and Comprehensive, Ongoing Strategic Alternatives Process

Argo Files Investor Presentation Highlighting Transformation into a Leading U.S. Specialty Insurer and Comprehensive, Ongoing Strategic Alternatives Process

November 19, 2022
Hoax press release falsely claims Nigerian electoral body will probe ruling party candidate

Hoax press release falsely claims Nigerian electoral body will probe ruling party candidate

November 19, 2022
EDITORIAL: We want press releases, but as text, not PDFs | Editorials

EDITORIAL: We want press releases, but as text, not PDFs | Editorials

November 19, 2022
Wisconsin Digital News

Follow us on social media:

Recent News

  • 2022-11-18 | NYSE:USB | Press Release
  • US moves to shield Saudi crown prince in journalist killing
  • Argo Files Investor Presentation Highlighting Transformation into a Leading U.S. Specialty Insurer and Comprehensive, Ongoing Strategic Alternatives Process

Category

  • APPS
  • ARTS & THEATER
  • BUSINESS
  • CELEBRITY
  • CRYPTO
  • CULTURE
  • ECONOMY
  • Education
  • ENTERTAINMENT
  • FASHION
  • FINANCE
  • FOOD
  • GADGET
  • Gambling
  • GAMING
  • HEALTH
  • HISTORY
  • LIFESTYLE
  • MARKET
  • MOBILE
  • MONEY
  • MOVIE
  • MUSIC
  • Nature
  • News
  • PRESS RELEASE
  • REAL ESTATE
  • Religion
  • SCIENCE
  • Shopping
  • SHOWS
  • SPORTS
  • TECH
  • TRAVEL
  • Disclaimer
  • Privacy Policy
  • Copyright Notice
  • Anti Spam Policy
  • Medical Disclaimer
  • DMCA Compliance
  • Terms and Conditions
  • Social Media Disclaimer
  • Amazon Affiliate disclaimer

© 2022 Wisconsindigitalnews

No Result
View All Result
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds

© 2022 Wisconsindigitalnews

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
7ff4be7246cf13968ba60ea4ed8fa54c98d8c56d