US files antitrust lawsuit against Amazon; here's all you need to know it
The FTC has accused Amazon of misusing its position to inflate prices and stifle competition. The e-commerce giant has also been accused of monopoly and inflating prices
The US Federal Trade Commission (FTC), along with regulators from 17 US states, has filed an antitrust lawsuit against Amazon.
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The FTC alleged that Amazon has misused its position to inflate prices and stifle competition. Amazon has been accused of monopoly and inflating prices.
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Amazon has been accused of using unfair trade practices. It pressures merchants to pay for additional services such as storing their products in its warehouses, utilising its delivery services and purchasing advertisements to promote their products on its platform, FTC has alleged.
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Amazon functions both as a traditional online retailer, purchasing and reselling products, and as an internet marketplace where numerous third-party businesses can sell their goods.
The US government, along with 17 states, has jointly filed this lawsuit.
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Amazon has denied the US government’s allegations. Amazon asserts that it does not hinder sellers on its platform from independently offering competitive prices.
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The agency’s antitrust lawsuit is the fourth such legal complaint filed against the company under the Biden administration.
