Amazon accuses FTC of harassing Bezos in ‘burdensome’ probe | Business and Economy News

The USA Federal Commerce Fee has been probing the retail big for potential anticompetitive behaviour for a number of years.

By Bloomberg

Amazon.com Inc. accused the US Federal Commerce Fee of harassing its founder Jeff Bezos and the corporate’s Chief Govt Officer Andy Jassy because it conducts an antitrust probe of the e-commerce big’s enterprise practices.

In a submitting made public on Monday, Amazon claimed that FTC workers have made “unduly burdensome” calls for because it investigates whether or not the corporate’s subscription providers, together with Amazon Prime, violate antitrust legal guidelines. The net retailer is in search of to quash or restrict the FTC’s most up-to-date civil investigative calls for, that are much like subpoenas.

Amazon mentioned the FTC’s requests are “unworkable for Amazon to discern the knowledge workers calls for and to reply within the timeframe allowed.”

The FTC has been investigating Amazon for potential anticompetitive conduct for a number of years. The submitting affords an unusually public glimpse into the continuing battle between one of many world’s largest corporations and one in every of its regulators.

FTC Chair Lina Khan, who took over the place in June 2021, has escalated the investigation, shaking up the workforce, re-interviewing potential witnesses and asking questions in regards to the firm’s current acquisition of MGM Studios, Bloomberg reported in Might.

The Biden administration has stepped up antitrust enforcement as a keystone of its financial coverage, in search of to reverse what antitrust officers view as a long time of lax oversight over company consolidation and market energy.

The FTC served particular person data calls for to twenty present and former Amazon staff at their properties in June, in accordance with the submitting.

Bezos and Jassy are additionally petitioning to quash the FTC’s requests directed at them, arguing that the fee may acquire the identical data from the paperwork and testimony that firm executives have already supplied.

Leave a Reply