The Federal Trade Commission and 17 states accuse Amazon of suffocating rivals and raising costs for both sellers and shoppers.
Updated September 26, 2023 at 12:40 PM ET
"Amazon is a monopolist and it is exploiting its monopolies in ways that leave shoppers and sellers paying more for worse service," FTC Chair Lina Khan told reporters on Tuesday. Amazon, in a statement, argued that the FTC's lawsuit"radically departed" from the agency's mission to protect consumers, going after business practices that, in fact, spurred competition and gave shoppers and sellers more and better options.,"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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