The Federal Trade Commission is suing Amazing (AMZN) for 'illegally maintaining monopoly power,' alleging the tech giant wielded that power to 'inflate prices, degrade quality, and stifle innovation for consumers and businesses.' In a statement, Amazon refutes the charges, saying in part, 'the practices the FTC is challenging have helped to spur competition and innovation across the retail industry.' Former FTC Commissioner Mozelle Thompson tells Yahoo Finance Live that the FTC is 'pushing the boundaries' with the suit. Thompson says the FTC has two goals 'change the law as it currently stands' and 'to condition the market to think a little differently,' adding that the regulatory body may be trying to provide 'a little bit of a chilling effect' to let large companies know that 'someone will be policing their actions.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
You'll be surprised to learn that Dubai has these ten things...Mark Meadows apparently did not know that the popular hard seltzer beverage had alcohol in it when he drank several cans on a Monday morning in 2020.
-- When Slovakia’s longest-serving prime minister was forced out of office in 2018 following the biggest mass protests since the communist era, he grinned and vowed that he’d be back. Few, though, took him seriously.
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FTC’s suit against Amazon, Biden visits autoworkers: Yahoo Finance LiveThe FTC, along with 17 states, has filed an antitrust lawsuit against Amazon, alleging that the tech giant used its “monopoly power” to inflate prices, which has harmed consumers. Meanwhile, President Biden visited UAW members who are still striking against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA). Other trending tickers on Yahoo Finance today include Fisker (FSR), Sirius XM Holdings (SIRI), and Rivian (RIVN).3:05 p.m. ET - Mozelle Thompson, Former FTC Commissioner 3:35 p.m. ET - Michael Linford, Affirm CFO3:45 p.m. ET - Ann Berry, Threadneedle Strategies Founder4:05 p.m. ET - Senator Ron Johnson (R- Wisconsin)4:20 p.m. ET - Dr. Zeke Emanuel, Vice Provost for Global Initiatives at The University of Pennsylvania and Chair of the Department Of Medical Ethics and Health Policy
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Amazon faces FTC antitrust suit alleging anticompetitive practicesFederal Trade Commission (FTC) officials have filed an antitrust lawsuit against online retailer Amazon (AMZN), citing the marketplace's anticompetitive practices of promoting its own products over third-party sellers. Yahoo Finance's Dan Howley and Alexis Keenan break down the claims made by the FTC and 17 states and how this could impact Amazon's status as an 'online superstore.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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FTC files antitrust suit against Amazon, alleges company operates illegal monopolyThe FTC and 17 state attorneys general filed an antitrust suit against Amazon on Tuesday, alleging the company operates an illegal monopoly.
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Amazon sued by FTC and 17 states over allegations it inflates online prices and overcharges sellersAmazon is being sued by U.S. regulators and and 17 states over allegations that the company abuses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition. The lawsuit, filed Tuesday in U.S. District Court for the Western District of Washington, is the result of a years-long investigation into Amazon’s businesses and one of the most significant legal challenges brought against the company in its nearly 30-year history. According to a news r
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U.S. FTC sues Amazon for allegedly breaking antitrust law and harming consumersThe lawsuit had been expected after years of complaints that Amazon and other tech giants abused their dominance of search, social media and online retailing
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FTC files antitrust suit against Amazon, alleges retail site is illegal monopolyThe FTC and 17 state attorneys general filed an antitrust suit against Amazon on Tuesday, alleging the company operates an illegal monopoly.
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