The Federal Trade Commission and 17 state attorneys general today sued Amazon.com, alleging that the online retail and technology company is a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power. The FTC and its state partners say Amazon’s actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing against Amazon. Read more.
FTC Sues Amazon for Allegedly Maintaining Monopoly Power
