HT TECH wants to start sending you push notifications. Click allow to subscribe

Amazon’s Jeff Bezos, Andy Jassy Can be Forced to Testify in FTC’s Probe

Amazon.com Inc. lost a bid to exclude top executives including billionaire founder Jeff Bezos and CEO Andy Jassy from having to testify in a FTC probe.

By: BLOOMBERG
Updated on: Sep 23 2022, 00:48 IST
Amazon founder Jeff Bezos and Chief Executive Officer Andy Jassy will be summoned to testify in the Federal Trade Commission probe (AFP)

Amazon.com Inc. lost a bid to exclude top executives including billionaire founder Jeff Bezos and Chief Executive Officer Andy Jassy from having to testify in a Federal Trade Commission probe.

The company filed a petition with the FTC last month, arguing that the agency’s information and interview requests were “unduly burdensome.”

You may be interested in

Mobiles Tablets Laptops

In an order published late on Wednesday, the FTC rejected that request, saying the two executives could be interviewed as part of a probe, though it extended the time period for when sworn testimony could occur.

Also read: Looking for a smartphone? To check mobile finder click here.

“Amazon provides no reason why the Commission must accept anything less than all the relevant testimony it can obtain from these two witnesses,” the FTC said in its decision.

Amazon Accuses FTC of Harassing Bezos in ‘Burdensome’ Probe

The FTC, which has both antitrust and consumer protection mandates, has been investigating Amazon for potential anticompetitive conduct for several years. The agency opened an investigation into Amazon Prime last year, investigating whether the subscription service may have violated consumer protection laws.

The Biden administration has stepped up antitrust enforcement as a keystone of its economic policy, seeking to reverse what antitrust officials view as decades of lax oversight over corporate consolidation and market power.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 23 Sep, 00:48 IST
NEXT ARTICLE BEGINS