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Amazon Fined $10.7 Million by Italian Antitrust Authority Over ‘Subscribe and Save' [Yahoo! Finance]
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Two of the e-commerce titan's subsidiaries have been named by the Italian Competition Authority (AGCM) body for making recurring delivery the default option when a customer checks out on the site. More from Sourcing Journal Amazon UK Warehouse Workers Win Right to a Unionization Vote Byte-Sized AI: Boohoo Uses AI for Search; Best Buy x Google Cloud; Manufacturing Startup Secures Millions Amazon Surpasses UPS in Parcel Volume For First Time, Index Says “The option ‘recurring purchase' is pre-set instead of ‘one-time purchase' for a wide selection of products on the marketplace,” the regulatory body said in a statement. “The pre-ticking of recurring purchase induces one to periodically buy a product—even without the effective need—thus limiting one's freedom of choice.” AGCM said Wednesday that it has imposed the 10-million-euro fine on Luxembourg-based Amazon Services Europe S.à r.l. as well as Amazon EU S.à r.l. It said that its investigation revealed that the Seattle-bas
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- New FTC transcript reveals juicy details on how Jeff Bezos and other top Amazon execs used disappearing messages [Business Insider][Business Insider]
- New Florida resident Jeff Bezos pumped $60 million into making lab-grown meat taste better. Ron DeSantis just banned it from the state [Fortune][Fortune]
- Amazon CEO Violated Labor Laws with Anti-Union Comments, NLRB Rules [Yahoo! Finance][Yahoo! Finance]
- Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle [TechCrunch][TechCrunch]
- Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle [Yahoo! Finance][Yahoo! Finance]
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