The Federal Trade Commission (FTC) is investigating allegations that Amazon misleads customers about its prices and discounts, Reuters reported.
The probe comes as part of a review of the company’s proposed merger with Whole Foods
The FTC’s probe is reportedly the result of a complaint brought forth by Consumer Watchdog, an advocacy group. In the group’s analysis of 1,000 products on the website they found that 61 percent of the time, the reference or list price that Amazon used to show consumers how much money they were saving increased in a 90-day period.
A House subcommittee approved critical legislation for the fast-developing driverless car movement this week that sets specific rules for how many such vehicles can be on U.S. roads and the federal government’s role in regulating them. While it would give companies developing the technology the national framework they want, it also raises questions over who is best-suited to ensure this cutting-edge technology is safe.
WASHINGTON (Reuters) - As part of its review of Amazon's (AMZN.O) agreement to buy Whole Foods (WFM.O), the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.
The FTC is probing a complaint brought by the advocacy group Consumer Watchdog, which looked at some 1,000 products on Amazon's website in June and found that Amazon put reference prices, or list prices, on about 46 percent of them.
Google wants to make its search experience on smartphones more personalized — by showing information based on users’ interests and what’s trending in their area.
The information will appear beneath the search bar on the Google app on Apple and Android devices (eventually, it will be included in Google mobile searches, not just the app). The company will pull information based on what the user searches across Gmail, Search, YouTube and other Google properties. It will also factor in what a user lists on Google calendar.
Amazon’s prices changed hour-by-hour, state-by-state and shopper-by-shopper, according to a May analysis of online school supplies prices from Chrome deal-hunting extension Wikibuy. The extension searches other sites, including Walmart, Jet and eBay, and its price comparison tool pops up a potentially cheaper option, including tax, shipping and any coupons that apply for Chrome browser users. For the study, Wikibuy analyzed the prices of more than 200 back-to-school products over 30 days.
Antitrust and labor issues stir discontent; retail analysts skeptical
Amazon's plan to gobble up Whole Foods is causing indigestion on Capitol Hill and elsewhere as critics worry the plan would be too successful or, on the other hand, not successful enough.
Rep. David Cicilline (D-R.I.), for one, thinks the merger would take too big a bite out of competition.
Even though there has been little documented consumer sentiment asking for them, automakers are moving quickly to develop autonomous cars.
Today is Prime Day: Amazon’s bid to transform paying them $99 for an annual membership into a national holiday. The Internet oligarch is blanketing the Web with deals and enticements to encourage sign-ups. It even pitches this as a way to get a jump on holiday shopping—Amazon is literally selling Christmas in July.