tl;dr
The U.S. Federal Trade Commission has accused Amazon (NASDAQ:AMZN) founder Jeff Bezos and other top executives of using disappearing-message apps such as Signal to conceal potential evidence in the agency’s ongoing antitrust case against the e-commerce giant, as reported by the Washington Post. "For...
The U.S. Federal Trade Commission has accused Amazon (NASDAQ:AMZN) founder Jeff Bezos and other top executives of using disappearing-message apps such as Signal to conceal potential evidence in the agency’s ongoing antitrust case against the e-commerce giant, as reported by the Washington Post. "For years, Amazon's (AMZN) top executives, including founder and former CEO Jeff Bezos, discuss sensitive business matters, including antitrust, over the Signal encrypted-messaging app instead of email," the FTC alleged in a document filed Thursday evening. "These executives turned on Signal's 'disappearing message' feature, which irrevocably destroys messages, even after Amazon (AMZN) was on notice that plaintiffs were investigating its conduct," the filing said. The FTC had first accused Amazon (AMZN) of intentionally deleting messages in its original antitrust complaint last fall. The agency is now asking a U.S. District Court judge to order the company to turn over documents related to its handling of data. "The FTC's contentions are baseless," Amazon spokesman Tim Doyle said in a statement, responding to the filing alleging destruction of evidence. "Bezos owns The Washington Post."
More about Amazon.com Inc
Company: Amazon.com Inc
Industry: Technology (E-commerce, Cloud Computing, Digital Streaming, Artificial Intelligence)
Market Segment: Big Five companies in the U.S. information technology industry
Market Cap: $186.85 billion
Stock Price: $62.15
Dividend: None
P/E Ratio: 2.89
EPS: 55.78
Profit Margin: 5.29%
Revenue: $574.78 billion
52-Week High: $212.71
52-Week Low: $50.69
Volatility: 13.9%
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