US Federal Trade Commission Plans to Prosecute Amazon's Core Online Marketplace, Citing Alleged Abuse of Power
Portfolio Pulse from Anusuya Lahiri
The U.S. Federal Trade Commission (FTC) plans to prosecute Amazon.com Inc's core online marketplace, alleging that Amazon rewards online merchants using its logistics services and penalizes those who do not. FTC investigators have been preparing the complaint for several months. The FTC has already filed three cases against Amazon, including one last week for allegedly duping Prime customers. The U.S. government's crackdown on Big Tech also includes complaints against Alphabet Inc's Google and Meta Platforms Inc, along with an investigation into Apple Inc.
June 29, 2023 | 12:08 pm
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NEGATIVE IMPACT
Apple Inc is under investigation as part of the U.S. government's crackdown on Big Tech.
The news mentions that Apple is under investigation as part of the broader crackdown on Big Tech. This could potentially lead to regulatory actions against Apple, impacting its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Amazon faces prosecution from the FTC over alleged abuse of power in its core online marketplace. This could lead to potential restructuring of the company.
The FTC's prosecution of Amazon could lead to significant changes in the company's operations, potentially impacting its profitability and stock price. The news is highly relevant as it directly involves Amazon and its core business.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc's Google is also targeted in the U.S. government's crackdown on Big Tech.
Although the news is primarily about Amazon, it also mentions that Google is part of the broader crackdown on Big Tech. This could potentially lead to regulatory actions against Google, impacting its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Meta Platforms Inc is also included in the U.S. government's crackdown on Big Tech.
The news mentions that Meta Platforms is part of the broader crackdown on Big Tech. This could potentially lead to regulatory actions against Meta Platforms, impacting its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50