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Published 2 months ago

Amazon sued by FTC and 17 states over allegations it inflates online prices and overcharges sellers

  • The Federal Trade Commission (FTC) has filed an antitrust lawsuit against Amazon, accusing the company of using its "monopoly power" to inflate prices, degrade quality for shoppers, and unlawfully exclude rivals.
  • Amazon has been accused of maintaining its monopoly power by requiring sellers to use its costly fulfillment services, making it more expensive for them to do business on the platform. These tactics have degraded the shopping experience on Amazon and forced sellers to pay expensive fees.
  • The FTC is seeking a permanent injunction to stop Amazon's alleged unlawful conduct and FTC Chair Lina Khan stated that the company used illegal tactics to fend off competitors.
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