FTC Says Amazon Founder Jeff Bezos Instructed Executives To Accept Irrelevant Junk Ads To Extract Billions Of Dollars Through Increased Advertising
Portfolio Pulse from Benzinga Newsdesk
The Federal Trade Commission (FTC) has reported that Amazon's founder, Jeff Bezos, instructed executives to accept irrelevant junk ads, a move aimed at extracting billions of dollars through increased advertising.
November 02, 2023 | 3:04 pm
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Amazon's advertising strategy, as reported by the FTC, could potentially lead to regulatory scrutiny and impact the company's reputation.
The FTC's report indicates that Amazon's advertising strategy could be under scrutiny. This could lead to potential regulatory issues for the company, which may negatively impact its stock price in the short term. Additionally, the company's reputation could be affected, which may also have a negative impact on the stock price.
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IMPORTANCE 75
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