The Federal Trade Commission, alongside 17 states from California to Wisconsin, is suing Amazon for allegedly sustaining an unlawful monopoly of their on-line retail area.
They declare Amazon makes it inconceivable for different retailers to compete by doing issues like inserting adverts inside their search outcomes and boosting their very own merchandise over third celebration listings, leading to “artificially higher prices” for customers.
The lawsuit says,
“A single company, Amazon, has seized control over much of the online retail economy. It exploits its monopolies in ways that enrich Amazon but harm its customers: both the tens of millions of American households who regularly shop on Amazon’s online superstore and the hundreds of thousands of businesses who rely on Amazon to reach them.”
FTC chair Lina Khan has acknowledged {that a} profitable case will imply “competition will be restored and people will benefit from lower prices, greater quality, greater selection as a result.” The meantime, the FTC has requested for an injunction to dam Amazon from “unlawful conduct.”
Amazon’s counsel has acknowledged that the FTC “is wrong on the facts and the law” and claims that “[i]f the F.T.C. gets its way, the result would be fewer products to choose from, higher prices, slower deliveries for consumers and reduced options for small businesses — the opposite of what antitrust law is designed to do.”
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