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

📆 26/09/2023 20:21:00
📰 NBCNewsHealth

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: MarketWatch - 🏆 3. / 97 Read more »