Technology and Business in the News
Amazon Accused of Anti-Competitive Practices
Amazon's recent filing with the National Labor Relations Board (NLRB)
On Thursday, Amazon filed documents with the NLRB indicating plans to close down its delivery station in Bessemer, Alabama, following a failed unionization vote. The company also stated it would be laying off over 100 employees at the facility.
Lawsuits Against Amazon and Tesla
Amazon faces allegations of inflating prices and anti-competitive behavior, as per two lawsuits filed on Wednesday. Simultaneously, the lawyers who argued for Tesla CEO Elon Musk's massive pay package have successfully defended the compensation plan.
Antitrust Lawsuit Against Amazon and FTC
A coalition of 17 states and the Federal Trade Commission (FTC) filed an antitrust lawsuit against Amazon this week. The lawsuit alleges the company's dominance in e-commerce has stifled competition and led to higher prices for consumers.
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