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Amazon used market power to warp prices of goods across the internet, FTC alleges

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The FTC said it filed an antitrust lawsuit in the U.S. District Court for the Western District of Washington, backed by the attorneys general of 17 states, including two Republicans.

Stefani Reynolds / AFP via Getty Images fileThe Federal Trade Commission, the U.S. government’s primary business regulator, sued Amazon on Tuesday, alleging that the company has used its power to warp ecommerce across the internet.

The allegations are the most aggressive actions yet from President Joe Biden’s FTC chair, Lina Khan, aof Amazon. The agency said Amazon “uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power,” the FTC said in a news release.

 

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Amazon sued by FTC, which charges that company is 'exploiting its monopoly power'The FTC filed an antitrust lawsuit against Amazon Tuesday, making for the highest-profile case yet in the agency's attempt to rein in Big Tech.
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