The Federal Trade Commission reversed course on its Amazon Prime deceptive practices case, according to CNBC. The FTC vowed to meet court deadlines hours after seeking a delay due to resource constraints.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Federal Trade Commission reversed course on its Amazon Prime deceptive practices case,
00:06according to CNBC. The FTC vowed to meet court deadlines hours after seeking a delay
00:11due to resource constraints. FTC attorney Jonathan Cohen admitted his initial request
00:16was incorrect, stating the agency has no resource shortages and is prepared to litigate.
00:21FTC Chair Andrew Ferguson reaffirmed the agency's commitment to the case, rejecting any suggestion
00:26of backing down from big tech. The lawsuit was filed in June 2023,
00:30and accuses Amazon of deceptive Prime subscription practices.