E-COMMERCE

Amazon’s Bezos, Jassy may be forced to testify in the investigation

Amazon.com Inc. lost a bid to bar top executives, including billionaire founder Jeff Bezos and CEO Andy Jassy, ​​from testifying in an investigation by the Federal Trade Commission (FTC).

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

In an order published on the evening of September 21, the FTC denied that request. It said both executives could be questioned as part of the investigation, although it extended the time period in which testimony could be given under oath.

“Amazon provides no reason why the Commission should accept anything less than all the relevant testimony it can obtain from these two witnesses,” the FTC’s ruling said.

The FTC has both antitrust and consumer rights mandates. He has been investigating Amazon for potential anti-competitive behavior for several years. The agency began investigating Amazon Prime last year. It was investigating whether the subscription service could have violated consumer protection laws.

The Biden administration has strengthened antitrust as a cornerstone of its economic policy. It seeks to reverse what antitrust officials see as decades of lax oversight of corporate consolidation and market power.

Amazon rating #1 in Digital Commerce 360’s Top 1000 database. It tracks North America’s largest online stores by online sales.

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https://www.digitalcommerce360.com/2022/09/22/ftc-amazons-bezos-jassy-can-be-forced-to-testify/ Amazon’s Bezos, Jassy may be forced to testify in the investigation

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