FTC says Amazon executives destroyed potential evidence by using apps like Signal [Verge, The]
Amazon.com, Inc. (AMZN)
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Source: Verge, The
Jeff Bezos, Andy Jassy, and other execs are accused of using the ephemeral messaging app for months after the feds notified Amazon of the antitrust investigation. Share this story FTC lawyers submitted a filing on Thursday that claims Amazon's top execs used Signal's disappearing messages feature to destroy evidence relevant to the agency's massive antitrust lawsuit . (You remember the one? The FTC accused Amazon of creating a secret “Project Nessie” pricing algorithm that may have generated more than $1 billion in extra profits Now, The Washington Post (which is owned by Amazon founder and former CEO Jeff Bezos) reports that Amazon is just one of several companies recently accused of turning to encrypted messaging apps like Signal that can permanently erase messages automatically. You may recall the government making similar arguments about Sam Bankman-Fried's use of Signal during his trial for fraud and how that verdict eventually shook out . Deleted chats were also a stick
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/6/24 - Form 144
- 5/3/24 - Form 4
- 5/3/24 - Form DEFA14A
- AMZN's page on the SEC website