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AMAZON.COM, INC.

(AMZN)
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Regulator Approves Amazon-Related Final Administrative Consent Order

06/10/2021 | 08:22am EDT

By Allison Prang

The Federal Trade Commission said it approved a final administrative consent order against Amazon.com Inc. over charges that for more than two years, the online marketplace heavyweight didn't pay Amazon Flex drivers all the money they made in tips.

Amazon has agreed to pay around $61.7 million to settle the charges. That money will be used by the regulator to compensate the drivers, according to the FTC.

The FTC's administrative complaint against the company was announced this past February.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

06-10-21 1022ET

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.05% 3503.82 Delayed Quote.7.63%
DJ INDUSTRIAL -0.21% 33874.24 Delayed Quote.10.91%
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Financials (USD)
Sales 2021 490 B - -
Net income 2021 28 711 M - -
Net cash 2021 78 508 M - -
P/E ratio 2021 63,2x
Yield 2021 -
Capitalization 1 768 B 1 768 B -
EV / Sales 2021 3,45x
EV / Sales 2022 2,86x
Nbr of Employees 1 298 000
Free-Float 82,4%
Chart AMAZON.COM, INC.
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Amazon.com, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Last Close Price 3 505,44 $
Average target price 4 238,37 $
Spread / Average Target 20,9%
EPS Revisions
Managers and Directors
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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