Andy Jassy, CEO of the biggest e-commerce store in the world, is very upset with the regulators who won’t let him buy more companies. In January, Amazon decided it wasn’t going to buy Roomba maker iRobot for $1.4 billion, after discovering that the EU probably wouldn’t approve the deal and that the FTC had some concerns. Regulators blocked the acquisition because, Jassy told CNBC, “They worry that we’re going to feature our vacuum cleaner, the Roomba, vs.
The complaint alleged that Ring deceived its customers about their privacy, enacting inadequate safeguards to prevent employees and contractors from getting ahold of customer videos. One employee watched “thousands of video recordings” of “intimate spaces” in female users’ homes, the complaint alleged. Amazon bought Ring in 2018, and some parts of the FTC’s allegations predate the acquisition. But some of the alleged privacy violations occurred on Amazon’s watch.
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