Amazon is facing a lawsuit filed by the Federal Trade Commission (FTC) accusing the company of creating a complicated process for cancelling Prime memberships and luring customers into subscriptions. The FTC also claimed that customers were unaware of potential fees when signing up. Meanwhile, Instagram, following Meta’s layoffs, faces leadership changes. Insider has listed the top executives who will lead the platform forward. However, for former Google employee, Sylvia Duran Chen, working for a big name like Google has its downsides. After being laid off from her almost nine-year stint with YouTube, Chen realized her worth goes beyond her career.
Essence VC, an under-the-radar venture capital firm specialized in infrastructure and artificial intelligence (AI), recently closed its third fund worth $27 million. Meanwhile, Shopify is testing an OpenAI-powered translation bot for its customer-support staff, raising concerns of further employee cuts. Insider compiled a list of the most interesting parts of the FTC’s lawsuit against Amazon, detailing the company’s Project Iliad, affiliated fees, and cancellation complexities.
In other news, Ford CEO, Jim Farley, dismissed Tesla’s upcoming EV pickup, the Cybertruck, as only attracting Silicon Valley customers. He boasts that Ford makes trucks for real people who do real work. Meanwhile, OceanGate’s search for its missing Titan submersible has entered a critical stage. A lawsuit alleges that the company was warned of potential safety issues as early as 2018, but had failed to take action. Finally, the wealthy seem to be seeking increasingly adventurous recreational activities, ranging from dangerous submarines searches to Everest trips and deep-sea expeditions.
Frequently Asked Questions (FAQs) Related to the Above News
What is the lawsuit filed against Amazon Prime by the Federal Trade Commission (FTC)?
The FTC has accused Amazon Prime of creating a complicated process for cancelling subscriptions and luring customers into subscriptions while not informing them of potential fees when signing up.
What leadership changes is Instagram facing?
Following Meta's layoffs, Instagram is facing leadership changes. Insider has compiled a list of top executives who will lead the platform forward.
What is the concern surrounding Shopify's OpenAI-powered translation bot?
Shopify's testing of an OpenAI-powered translation bot for its customer-support staff has raised concerns of further employee cuts.
What is the recent development at Essence VC?
Essence VC, a venture capital firm specialized in infrastructure and artificial intelligence (AI), recently closed its third fund worth $27 million.
What did Sylvia Duran Chen, a former Google employee, realize after being laid off?
Sylvia Duran Chen, a former Google employee who was laid off from her almost nine-year stint with YouTube, realized that her worth goes beyond her career at a big company.
What are some interesting details of the FTC lawsuit against Amazon?
Insider compiled a list of the most interesting parts of the FTC's lawsuit against Amazon Prime, including Project Iliad, affiliated fees, and cancellation complexities.
What did Ford CEO Jim Farley say about Tesla's Cybertruck?
Ford CEO Jim Farley dismissed Tesla's upcoming EV pickup, the Cybertruck, as only attracting Silicon Valley customers, and boasted that Ford makes trucks for real people who do real work.
What is happening in OceanGate's search for its missing submersible?
OceanGate's search for its missing Titan submersible has entered a critical stage, with a lawsuit alleging that the company was warned of potential safety issues as early as 2018 but failed to take action.
What recreational activities are wealthy individuals pursuing?
Wealthy individuals seem to be seeking increasingly adventurous recreational activities, including dangerous submarine searches, Everest trips, and deep-sea expeditions.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
