#International_Tech_News | Good #Morning World | #FTC prepares #THE_BIG_ONE?? -- a MAJOR LAWSUIT targeting Amazon’s #CORE_BUSINESS | Amazon to be #accused of #punishing_sellers who don't use its #fulfillment services..
FTC filed three other lawsuits against Amazon.
Khan was known as a critic of Amazon before becoming FTC chair in 2021. In 2017, Khan wrote a Yale Law Journal article titled "Amazon's #Antitrust Paradox," which argued for a more aggressive approach to #antitrust_enforcement to counter "Amazon's #dominance."
The FTC #sued Amazon last week, claiming it #violated #US_law by #tricking_consumers into #signing_up for the $14.99-per-month #Amazon_Prime_subscription service and making it exceedingly difficult to #cancel. In the Prime case, the FTC is seeking a #permanent_injunction, #civil_penalties, and other monetary relief.
The FTC also recently filed one #privacy_lawsuit against Amazon with allegations related to #kids' #Alexa_voice_recordings and another with allegations that Amazon's #Ring_division #invaded users' privacy by "allowing #thousands of #employees and #contractors to watch video recordings of customers' #private_spaces." In both cases, Amazon agreed to settlements requiring financial penalties and changes to privacy practices.
Amazon fulfillment takes big chunk of seller revenue (DAVIDV: #FBA FULLFILLMENT BY AMAZON | #ILLEGAL_DROPSHIPPING OUT OF #TAWIAN FOR 2 #DECADES) | Third-party sellers can rely on Amazon for warehousing, shipping, and other services through the Fulfillment by Amazon (FBA) system, but it takes a big cut out of their revenue. A recent Marketplace Pulse study based on profit and loss statements from a sample of sellers found that "Amazon is #pocketing more than 50 #percent of sellers' revenue—up from 40 percent five years ago," because "Amazon has increased fulfillment fees and made spending on advertising unavoidable."
(DavidV: 50% is #usery! we used to hang snale oil sales people for usery - any interest rate above 10-12 percent is USERY including Credit Cards | all should be arrested thrown in prison for usery | look it up!)
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