CPSC-PR-24-323 (Jul. 30, 2024) CPSC Finds Amazon Responsible Under Federal Safety Law for Hazardous Products Sold by Third-Party Sellers on Amazon.com – Amazon Ordered to Develop Remediation Plans to Notify Purchasers and the Public and to Implement Remedies to Remove Products from Consumers’ Homes WASHINGTON, D.C. – The U.S. Consumer Product Safety Commission (CPSC) today issued a Decision […]
Category: Amazon.com
Amazon.com is a global e-commerce platform founded by Jeff Bezos in 1994, originally as an online bookstore but now a vast marketplace offering a wide range of products, including electronics, clothing, groceries, and digital content. It has evolved into a multifaceted technology company with services extending beyond retail, including cloud computing through Amazon Web Services (AWS), streaming services with Amazon Prime Video, and smart devices like the Echo. Amazon is known for its customer-centric approach, innovative technology, and extensive logistics network, which together contribute to its position as one of the world’s largest and most influential online retailers.
Article – Monopoly Business (Articles) A Monopoly Business is a market structure where a single seller or producer dominates the entire industry, and there are no close substitutes for the goods or services they offer. This level of market power allows the monopoly to control prices, quantities, and other market variables, often to the detriment […]
FTC-PR-240131-2 (Jan. 31, 2024) Statement Regarding the Termination of Amazon’s Proposed Acquisition of iRobot In response to the announcement that Amazon and iRobot have terminated their $1.4 billion merger agreement, Federal Trade Commission Associate Director for Merger Analysis Nathan Soderstrom issued the following statement: “We are pleased that Amazon and iRobot have abandoned their proposed […]
FTC-PR-240125-1 (Jan. 25, 2024) FTC Launches Inquiry into Generative AI Investments and Partnerships – Agency Issues 6(b) Orders to Alphabet, Inc., Amazon.com, Inc., Anthropic PBC, Microsoft Corp., and OpenAI, Inc. The Federal Trade Commission announced today that it issued orders to five companies requiring them to provide information regarding recent investments and partnerships involving generative […]