investigation - CybAI news

21 Nov

Report: Amazon is likely to face an EU antitrust investigation next year

stp2y0 CommentsNewsamazon, Commerce, digital markets act, european union, investigation, news, retail, Reuters, sales, tomorrow

2025 could be a tense year for Amazon. reports that, according to its sources, Amazon “will likely” be investigated by the European Union (EU) for violating the Digital Markets Act (DMA) by allegedly promoting and offering its own products ahead of others in its online store.The decision to launch the investigation will be made by incoming EU antitrust chief Teresa Ribera. Her term will start next month following outgoing chief , who is stepping down after serving two terms.Amazon denies that it violated the DMA. The EU’s antitrust regulators launched an investigation into in March over issues such as fees…

Fisker faces more bad news as the SEC starts investigating its business practices

stp2y0 CommentsNewsbankruptcy, cars, ev, fisker, gear, investigation, news, ocean, sec, securities and exchange commission

The past week hasn’t been the kindest to the electric vehicle industry. Now, it’s capped off with news that the EV startup Fisker is the subject of an investigation from the US Securities and Exchange Commission (SEC). reported that SEC officials sent several subpoenas to Fisker. The filing doesn’t specifically say what the subpoenas are asking for or looking into but it’s clear that the SEC has launched an investigation into the floundering EV maker that .Fisker has been struggling to keep its head above water ever since last year’s disastrous rollout of its Ocean SUV that failed to score…

The US government may be preparing to investigate internet retail giants like Shein and Temu

stp2y0 CommentsNewsconsumer product safety commission, CPSC, E-commerce, gear, Government, investigation, laws, news, products, safety, shein, shopping, temu

Online retailers like Temu and Shein are known for selling cheap products like baby clothes, kitchen gadgets and electronics. The Consumer Product Safety Commission (CPSC) wants to know the true costs that foreign online retailers are cutting to sell these products at lower prices.CPSC commissioners Peter Feldman and Douglas Dziak released a joint statement today calling for their staff to evaluate the operations of foreign e-commerce sites. The statement cites Shein and Temu as two online retail companies that “raise specific concerns.”Recent news reports of “deadly baby and toddlers products” being sold on these platforms started to raise red flags…