FTC files a massive antitrust lawsuit against Amazon
by Makena Kelly from The Verge - All Posts on (#6F2ZV)
Illustration by Alex Castro / The Verge The Federal Trade Commission and more than a dozen state attorneys general have filed a sweeping antitrust lawsuit against Amazon, alleging that the e-commerce giant has unlawfully leveraged its market dominance to stamp out would-be competitors.
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 Tuesday. The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens of millions of American families who shop on its platform and the hundreds of thousands of businesses that rely on Amazon to reach them."
Amazon did not...