Amazon.com Inc. misplaced a bid to exclude prime executives collectively with billionaire founder Jeff Bezos and CEO Andy Jassy from having to testify in a FTC probe.
Amazon.com Inc. misplaced a bid to exclude prime executives collectively with billionaire founder Jeff Bezos and Chief govt Officer Andy Jassy from having to testify in a Federal commerce fee probe.
the agency filed a petition with the FTC final month, arguing that the agency’s knowledge and interview requests had been “unduly burdensome.”
In an order revealed late on Wednesday, the FTC rejected that request, saying the two executives may very properly be interviewed as an component of a probe, although it prolonged the time interval for when sworn testimony may happen.
“Amazon gives no set off why the fee should settle for something decrease than all of the related testimony it will most seemingly acquire from these two witnesses,” the FTC said in its dedication.
Amazon Accuses FTC of Harassing Bezos in ‘Burdensome’ Probe
The FTC, which has each antitrust and consumer safety mandates, has been investigating Amazon for potential anticompetitive conduct for a quantity of years. The agency opened an investigation into Amazon Prime final 12 months, investigating whether or not the subscription service could have violated consumer safety legal guidelines.
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 agency consolidation and market vitality.