FTC and 17 States Sue Amazon for Monopoly
Suit alleges that Amazon.com is illegally monopolizing two markets.
The Federal Trade Commission (FTC) and 17 state attorneys general sued Amazon Tuesday, alleging that its dominant online retail store Amazon.com is illegally monopolizing two markets.
The suit alleges that Amazon holds monopolies in online markets for buyers and sellers. According to the FTC, Amazon is violating U.S. antitrust law by degrading consumer choice and blocking sellers from selling goods at lower prices elsewhere online.
“Our complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies,” FTC Chair Lina Khan said in a statement.
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CONTRACTOR SUPPLY MAGAZINE
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