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FTC and 17 states sue Amazon on antitrust charges - TL;DR CNBC

FTC and 17 states sue Amazon on antitrust charges

Publishing timestamp: 2023-09-26 13:41:08


Summary

The Federal Trade Commission (FTC) has filed an antitrust lawsuit against Amazon, accusing the company of using its monopoly power to raise prices, degrade quality, and stifle competition. The lawsuit alleges that Amazon engages in anti-competitive practices, such as punishing sellers and requiring them to use costly fulfillment services. The FTC and states are seeking to hold Amazon liable and prevent it from continuing these practices. Amazon denies the allegations and argues that its practices have led to greater competition and innovation.


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Keywords: united statesbreaking news: politicsbusiness newsamazon.com incbreaking news: businessproducts and servicessocial mediaftc solar incmobiletechnologypoliticscorporate crimeretail industrybreaking news: technologyirobot corp

Source: https://www.cnbc.com/2023/09/26/ftc-and-17-states-sue-amazon-on-antitrust-charges.html


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