Amazon lawsuit protects 'free and fair competition,' says FTC Chair Lina Khan
Publishing timestamp: 2023-09-27 13:34:04
Summary
The article discusses FTC Chair Lina Khan's defense of the agency's decision to pursue Amazon in an antitrust lawsuit. Khan explains how Amazon's use of monopoly power allowed it to leverage a 50% tax on sellers and dampen competition. The article also mentions Amazon's response to the lawsuit and their arguments against the allegations.
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Keywords: breaking news: technology, products and services, environment, business news, mobile, technology, amazon.com inc, breaking news: politics, social media, politics,