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

| Updated on: Sep 23 2022, 00:48 IST
Jeff Bezos cites China over Elon Musk's Twitter deal
Jeff Bezos
1/5 Through a series of tweets, Jeff Bezos directed the public's attention towards the fact that almost half of the Tesla vehicles produced in the last year were made in Shanghai, Tesla’s first overseas plant, according to Bloomberg. (REUTERS)
Jeff Bezos
2/5 Bezos tweeted, “Interesting question. Did the Chinese government just gain a bit of leverage over the town square?”, he further said, “My own answer to this question is probably not, the more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter.” (MINT_PRINT)
Elon Musk
3/5 According to Bloomberg, a representative for the Musk family office did not comment on the matter. (AFP)
4/5 Twitter, along with most of the American social media platforms are banned in China. In light of the announcement of the deal, Musk had earlier tweeted about his agenda of free speech. (REUTERS)
5/5 China is the world’s largest EV market and it has been a blessing for Tesla’s growth in the country. With benefits such as tax breaks, cheap loans and the green light to wholly own its domestic operations, Tesla’s business in China is growing at an unprecedented rate. (REUTERS)
Jeff Bezos
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Amazon founder Jeff Bezos and Chief Executive Officer Andy Jassy will be summoned to testify in the Federal Trade Commission probe (AFP) 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.”

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.

“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.

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First Published Date: 23 Sep, 00:48 IST