FTC - Should Amazon Still Be Worried About FTC-FCC Probe After A Stellar Q1? Expert Says It Is Just 'A Lot Of Noise' | Benzinga
Despite a strong first quarter in 2024, Amazon Inc. (NASDAQ:AMZN) finds itself under the microscope of the Federal Trade Commission (FTC) and the Federal Communications Commission (FCC).
What Happened: Brian Sullivan, host of CNBC’s “Last Call,” shed light on the FTC’s impending investigation into Amazon, despite its impressive first quarter results during Tuesday’s episode. The potential impact on Amazon’s various businesses was brought into question.
Eric Jackson, Founder and President of EMJ Capital, sees the federal government’s actions as a move to “make a lot of noise” by targeting companies like Amazon.
“I would say take a step back, watch the business, the business the management is executing. Business just keeps getting bigger and bigger and more profitable.”
Despite the scrutiny, Jackson marveled at Amazon’s profit scale, crediting the success to cost-cutting measures implemented a year ago.
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