Amazon Says FTC's Antitrust Investigation Is Harassing Executives
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Amazon Says FTC's Antitrust Investigation Is Harassing Executives
Amazon Says , the FTC's Antitrust Investigation , Is Harassing Executives .
Al Jazeera reports that Amazon has accused the Federal Trade Commission (FTC) of harassing founder Jeff Bezos and the company's Chief Executive Officer, Andy Jassy.
Al Jazeera reports that Amazon has accused the Federal Trade Commission (FTC) of harassing founder Jeff Bezos and the company's Chief Executive Officer, Andy Jassy.
In an August 15 filing, Amazon accused the FTC of making "unduly burdensome" demands as part of its investigation into whether or not Amazon had violated antitrust laws.
In an August 15 filing, Amazon accused the FTC of making "unduly burdensome" demands as part of its investigation into whether or not Amazon had violated antitrust laws.
Al Jazeera reports that Amazon is looking
to limit the FTC's most recent demands,
which are similar to subpoenas.
According to Amazon, the requests are , “unworkable for Amazon to discern the information
staff demands and to respond in the timeframe allowed.”.
Amazon has been the subject
of FTC investigations for potential
anticompetitive conduct for several years.
.
The recent filings offer a glimpse
of the ongoing struggle between regulators
and one of the world's largest companies.
Antitrust enforcement has been a cornerstone of the Biden
administration's economic policy, which is looking to change
decades of lax oversight and consolidation of corporate power.
.
Antitrust enforcement has been a cornerstone of the Biden
administration's economic policy, which is looking to change
decades of lax oversight and consolidation of corporate power.
.
Al Jazeera reports that 20 current and former Amazon employees were served individual information demands at their homes in June.
Both Bezos and Jassy are pushing
to have the FTC's requests quashed.
.
Both Bezos and Jassy are pushing
to have the FTC's requests quashed.
.
They argue that the same information requested could be obtained through documents and testimony already offered by Amazon executives.
They argue that the same information requested could be obtained through documents and testimony already offered by Amazon executives
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
A group representing the fired
workers said the total number of staff
terminated for protesting is now over 50. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
Last week, workers held sit-in
protests at Google's offices in both
New York and Sunnyvale, California.
The protests were organized by the group
No Tech For Apartheid, who said that 30 workers
were fired following the initial sit-in. .
According to Jane Chung, a spokeswoman for
No Tech For Apartheid, Google has now fired
"over 20" more workers, “including non-participating
bystanders during last week’s protests.”.
Google’s aims are clear:
the corporation is attempting
to quash dissent, silence
its workers, and reassert
its power over them, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
Google has disputed the group's claims,
stressing that the company carefully found that, “every single one of those whose employment
was terminated was personally and definitively
involved in disruptive activity inside our buildings.”
Credit: Wibbitz Top Stories Duration: 01:31Published
Travis Kelce just landed his first TV job. The Kansas City Chiefs tight end is set to host a spin-off of the Fox game show 'Are You Smarter Than a 5th Grader?' for Amazon's Prime Video. The new show hosted by Kelce is titled 'Are You Smarter Than a Celebrity?' It will see adult contestants answer elementary curriculum questions with the help of a classroom full of famous faces.
Credit: The Hollywood Reporter Duration: 01:24Published
It looks like there's a new 'Legally Blonde' TV show in the works…what like it's hard? Reese Witherspoon and her Hello Sunshine banner is teaming up with Amazon to develop a 'Legally Blonde' TV series. 'Gossip Girl' and 'The O.C.' grads Josh Schwartz and Stephanie Savage are attached to write the TV offshoot.
Credit: The Hollywood Reporter Duration: 01:07Published
Amazon Is Getting Rid of , Just Walk Out Technology , at Its Fresh Grocery Stores.
The company's Just Walk Out
technology allows customers to
avoid standing in checkout lines.
It works by sending receipts to customers after they've left the store with their items.
While customers have said they enjoy the process, .
they wish they could view their receipts and savings while they are shopping, according
to Amazon spokesperson Carly Golden.
As a result, Amazon is revamping its
grocery chain to better serve customers.
The Just Walk Out technology will
be replaced by smart carts that provide spending data in real time, NPR reports. .
Most Fresh grocery stores are located in
Washington State, California, Illinois and Virginia. .
The retailer also operates Amazon Go
stores in addition to owning Whole Foods.
The retailer also operates Amazon Go
stores in addition to owning Whole Foods.
Amazon Go stores and smaller Fresh
stores in the U.K. will continue to use
Just Walk Out technology, NPR reports.
Last year, Amazon CEO Andy Jassy said that the company is still trying to figure out how to have
a greater impact on physical grocery stores.
This revamp, and "selectively" launching new Fresh locations, is part of that process, Golden said
Credit: Wibbitz Top Stories Duration: 01:31Published
Jon Stewart is saying that Apple asked him not to talk to the Federal Trade Commission Chair Lina Khan on his former Apple show 'The Problem with Jon Stewart.' Khan, who became chair of the FTC in 2021, has made a name for herself for being an outspoken critic of the business practices of Big Tech companies like Amazon and Meta and has been praised by both Democrats and Republicans for her antitrust efforts. Khan was a guest on Monday's episode of Comedy Central's 'The Daily Show,' where Stewart made the revelation.
Credit: The Hollywood Reporter Duration: 01:47Published
FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
Credit: Wibbitz Top Stories Duration: 01:31Published
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
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