FTC Files Lawsuit Against Amazon Saying Co Violated Child Privacy Rights By Its Alexa Voice Assistant Retaining Children's Voice Recordings
Portfolio Pulse from Benzinga Newsdesk
The Federal Trade Commission (FTC) has filed a lawsuit against Amazon, alleging that the company violated child privacy rights by retaining children's voice recordings through its Alexa voice assistant.
May 31, 2023 | 6:30 pm
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Amazon faces a lawsuit filed by the FTC, claiming the company violated child privacy rights by retaining children's voice recordings through Alexa.
The lawsuit filed by the FTC against Amazon could have a negative short-term impact on the company's stock price. Legal issues and regulatory scrutiny can lead to reputational damage, potential fines, and increased compliance costs, which may affect investor sentiment and the company's financial performance.
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