FTC And 17 States File Antitrust Suit Against Amazon

The Washington Post reports:

The Federal Trade Commission and 17 state attorneys general filed a sweeping antitrust lawsuit against Amazon Tuesday, a long-awaited move that seeks to bar the company from allegedly abusing its powers to raise prices for shoppers and levy high fees against businesses that sell on its platform.

The FTC alleges that Amazon engages in illegal behavior in both its online shopping marketplace and in the many services it offers to third-party sellers, allowing the company to extract “monopoly rents from everyone within its reach,” according to a news release about the suit.

This means Amazon can boost its own products in search results over others that are better quality, and charge costly fees to sellers that rely on the tech giant to stay in business.

Read the full article.

Breaking news: The Federal Trade Commission and 17 state attorneys general filed a sweeping antitrust lawsuit against Amazon Tuesday, alleging monopolistic practices led to higher prices. https://t.co/dDqXqr94cO

— The Washington Post (@washingtonpost) September 26, 2023