Amazon Sued Over Its New Cheap Home Internet Service As Investors Push Back

Investors filed a lawsuit against Amazon, accusing the company of not properly considering competing proposals before selecting Jeff Bezos' Blue Origin to launch the satellites for its home internet service, Project Kuiper.

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Relevant topic timeline:

6/26/2023

Amazon, Friction, and the FTC

The article discusses the recent lawsuit filed by the Federal Trade Commission (FTC) against Amazon. The FTC alleges that Amazon enrolled consumers into Amazon Prime without their consent and made it difficult for them to cancel their subscriptions. The FTC claims that Amazon used manipulative user-interface designs known as "dark patterns" to trick consumers into signing up for Prime and made the cancellation process complex and confusing. The article argues that while there may be validity to the FTC's complaints, the overall value proposition of Prime seems positive for consumers. It also highlights the trade-offs involved in the removal of friction in e-commerce and questions the FTC's approach to regulating big tech companies.

9/1/2023

Pension fund sues Jeff Bezos and Amazon for not using Falcon 9 rockets

Amazon's decision to exclude SpaceX from its launch services for the Project Kuiper megaconstellation reveals the extent of Jeff Bezos' personal rivalry with Elon Musk, according to a lawsuit filed by shareholders.

9/6/2023

The FTC Could Call for an Amazon Breakup. Why Investors Should Celebrate.

The Federal Trade Commission may call for an antitrust lawsuit against Amazon, which could be a positive development for investors.

9/6/2023

Amazon lawsuit from FTC expected as soon as this month — here's what's at stake

The Federal Trade Commission (FTC) is expected to file a lawsuit against Amazon this month, targeting key elements of its retail marketplace business, which could potentially result in the breakup of the trillion-dollar company.

9/21/2023

FTC Adds 3 Amazon Execs to Lawsuit Alleging Tricky Prime Signup Tactics

The Federal Trade Commission has amended its lawsuit against Amazon, adding three company executives who were reportedly aware of the plan to use dark patterns to trick customers into signing up for Prime memberships.

9/22/2023

FTC Reportedly Preparing Antitrust Lawsuit Against Amazon Over Prime and Seller Rules

Main topic: The Federal Trade Commission is preparing to file an antitrust suit against Amazon. Key points: 1. The FTC is targeting Amazon Prime and allegations of pushing third-party sellers to use its services. 2. The FTC also believes that Amazon prevents products from being sold for less on rival platforms. 3. This would be the fourth legal action taken by the FTC against Amazon this year.

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Posted 9/2/2023, 2:50:32 PM

Amazon Sued Over Its New Cheap Home Internet Service As Investors Push Back

cordcuttersnews.com

Relevant topic timeline:

6/26/2023

Amazon, Friction, and the FTC

9/1/2023

Pension fund sues Jeff Bezos and Amazon for not using Falcon 9 rockets

9/6/2023

The FTC Could Call for an Amazon Breakup. Why Investors Should Celebrate.

The Federal Trade Commission may call for an antitrust lawsuit against Amazon, which could be a positive development for investors.

9/6/2023

Amazon lawsuit from FTC expected as soon as this month — here's what's at stake

9/21/2023

FTC Adds 3 Amazon Execs to Lawsuit Alleging Tricky Prime Signup Tactics

9/22/2023

FTC Reportedly Preparing Antitrust Lawsuit Against Amazon Over Prime and Seller Rules