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Amazon used an algorithm to secretly prompt rival sites to raise prices, FTC alleges in antitrust lawsuit

Thu, 11/02/2023 - 14:31

An Amazon worker moves boxes on Amazon Prime Day on July 11, 2023 in the East Village of New York City. Amazon holds the annual two-day event, where it offers shopping deals to Prime customers, in the middle of the summer. Amazon Prime Day has brought an estimated 10 billion dollars to the company in each of the last 3 years, as customers look to take advantage of discounts and quick shipping.

Tech Insider, Retail, amazon, FTC, federal-trade-commission, antitrust-lawsuits, algorithms

Forget the sell-off - Tech stocks have a 'springboard for growth' into 2024 that Wall Street has underestimated

Thu, 09/28/2023 - 10:12

Animated bear and bull faces each other in front of stock charts — Are we in a bear or bull market? Here's how they compare
undefined undefined/ Getty Images

Markets, mi-exclusive, tech-stocks, FTC, tech-antitrust, amazon, Spending

The Big Yawn: You really think the FTC will win against Amazon?

Wed, 09/27/2023 - 16:01

Lina Khan during a Senate meeting in April 2021. — Lina Khan during a Senate meeting in April 2021.
Graeme Jennings-Pool/Getty Images

Tech Insider, amazon, FTC, federal-trade-commission, lina-khan, department-of-justice, Antitrust

Amazon stock falls as the US government sues the online retail giant in a landmark monopoly case

Tue, 09/26/2023 - 14:17

FTC Commissioner Lina Khan — FTC Commissioner nominee Lina M. Khan testifies during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021.
GRAEME JENNINGS/POOL/AFP via Getty Images

Markets, mi-exclusive, Markets, amazon, amazon-stock, jeff-bezos, FTC

Amazon is facing a lawsuit from the FTC and 17 US states. They say it's stifling competition and keeping prices high.

Tue, 09/26/2023 - 13:46

Amazon is facing a lawsuit brought by the Federal Trade Commission and 17 states.

SEBASTIEN BOZON/AFP via Getty Images

Tech Insider, Retail, amazon, FTC, Antitrust, Monopoly, federal-trade-commission

FTC Chairwoman Lina Khan reportedly had to write her credit card number on a piece of paper to check in at the MGM Grand when its computers were down in the cyberattack

Sat, 09/16/2023 - 05:50

ftc chair Lina Khan — Lina Khan was reportedly asked to write down credit card information when MGM's systems were down due to a cyberattack.
Michael M. Santiago/Getty Images

Tech Insider, FTC, federal-trade-commission, lina-khan, mgm-resorts, las-vegas, Hackers

Elon Musk's X is a 'chaotic environment' that raises serious questions about its data-privacy practices, DOJ says

Wed, 09/13/2023 - 08:18

The X sign lit up at night on the company's San Francisco building — A temporary X sign at the company's San Francisco headquarters.
Noah Berger/AP

Tech Insider, elon-musk, twitter, x, FTC, doj, data-privacy

Please, Lina Khan, don't make Hollywood's crisis worse

Fri, 08/25/2023 - 08:43

Lina Khan during a Senate meeting in April 2021. — Lina Khan.
Graeme Jennings-Pool/Getty Images

Media, Tech Insider, Hollywood, lina-khan, FTC, disney, netflix

Washington is fueling a 'war on business' as it cracks down on mergers and acquisitions, former Treasury Secretary Larry Summers says

Fri, 07/21/2023 - 08:27

Tech Insider : Economy

Larry Summers — Former US Treasury Secretary Larry Summers.
(Photo by Rob Kim/Getty Images)

economy, Markets, Larry Summers, Federal Government, Biden, Biden administration, Mergers/Buyouts

Amazon saved children's voices recorded by Alexa even after parents asked for it to be deleted. Now it's paying a $25 million fine.

Thu, 07/20/2023 - 14:54

An Amazon Alexa device — An Amazon Alexa device
Shutterstock

Tech Insider, Law, Retail, News, alexa, FTC, Department of Justice

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