E-commerce giant accused of handing a contract to Bezos’ Blue Origin in ‘bad faith’
Amazon has been accused of ignoring a “glaring conflict of interest” when awarding hundreds of millions of dollars in rocket contracts to a company owned by Jeff Bezos.
A lawsuit filed by an Amazon shareholder accuses the e-commerce giant’s board of acting “in bad faith” after handing a contract to Mr Bezos’s rocket company, Blue Origin, after less than 40 minutes of discussion.
Amazon is planning to launch a vast network of more than 3,000 satellites that will provide internet access around the world.
As part of the plan, it must contract rocket companies to fire its satellites into space.