Amazon Says FTC "Grossly Mischaracterizes" Project Nessie And That It Was Scrapped Several Years Ago
Portfolio Pulse from Benzinga Newsdesk
Amazon has released a statement saying that the Federal Trade Commission (FTC) has 'grossly mischaracterized' Project Nessie, and that the project was scrapped several years ago.

November 02, 2023 | 3:09 pm
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NEUTRAL IMPACT
Amazon's statement on the FTC's mischaracterization of Project Nessie could potentially impact the company's reputation and investor sentiment.
Amazon's strong response to the FTC's claims about Project Nessie indicates that the company is actively defending its reputation. This could potentially sway investor sentiment, although it's unclear at this point whether the impact will be positive or negative. The fact that the project was scrapped several years ago may mitigate any potential negative impact.
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