and 17 state attorneys general sued Amazon Tuesday, alleging that the e-commerce giant is illegally monopolizing markets.The Federal Trade Commission and 17 state attorneys general sued Amazon Tuesday, alleging the e-commerce giant is monopolizing markets.The suit alleges that Amazon holds monopolies in online markets for buyers and sellers. According to the FTC, Amazon is violating U.S.
“The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens of millions of American families who shop on its platform and the hundreds of thousands of businesses that rely on Amazon to reach them. Today’s lawsuit seeks to hold Amazon to account for these monopolistic practices and restore the lost promise of free and fair competition.
The commission further claims that Amazon replaces organic search results on its market place with paid ads that frustrate consumers, and that the company biases its own products in search.
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