Amazon sued by FTC, which charges that company is 'exploiting its monopoly power'

The Federal Trade Commission filed an antitrust lawsuit against Amazon.com Inc. Tuesday, making for the highest-profile case yet in the agency’s attempt to rein in Big Tech.

The lawsuit, which challenges the tech giant’s business practices as anticompetitive, was filed after months of talks. For years, the agency has been scrutinizing whether Amazon favors its own products over those of competitors on its digital platforms. The FTC also has studied the Amazon Prime subscription service’s bundling practices.The FTC has pursued two previous actions against Amazon, but this suit will be a decisive test for Khan and the Biden administration.

The FTC has laid down some regulatory bread crumbs on its way to this historic action, Garcia and other legal experts say.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Alaska congressional delegation takes concerns about Albertsons-Kroger merger to FTCU.S. Sens. Murkowski and Sullivan expressed 'deep concerns.' Congresswoman Peltola asked the FTC to block the merger.
Source: AKpublicnews - 🏆 387. / 55 Read more »

Alaska lawmakers push back on Kroger-Albertsons merger in letter to FTC chairLast week, Sens. Lisa Murkowski and Dan Sullivan together penned a letter to Federal Trade Commission Chair Lina Khan outlining their concerns about the merger. The lawmakers argue that the merger goes against the best interest of Alaskans and the state.
Source: AKNewsNow - 🏆 460. / 53 Read more »