'Monopoly Busting Lawsuit Against Amazon Expected Next Week' - Politico
Portfolio Pulse from Benzinga Newsdesk
The Federal Trade Commission (FTC) is expected to file an antitrust lawsuit against Amazon's online retail operations as early as next week. The lawsuit, which has been in preparation since the start of the year, targets several of Amazon's business practices, including Amazon Prime and rules that block lower prices on competing websites. If successful, the lawsuit could lead to a court-ordered restructuring of Amazon's $1.35 trillion empire.
September 22, 2023 | 4:12 pm
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Amazon is facing an antitrust lawsuit from the FTC that could lead to a restructuring of the company. This could potentially impact Amazon's business operations and its stock price.
The news of the impending lawsuit is likely to create uncertainty among investors, which could negatively impact Amazon's stock price in the short term. The potential restructuring of the company could also have long-term effects on its business operations and profitability.
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