FTC And States Take On Amazon In Antitrust Battle: What's Going On? (UPDATE)
Portfolio Pulse from Anusuya Lahiri
Amazon is facing a lawsuit from the Federal Trade Commission and 17 states for allegedly exploiting its monopoly power against rivals. The suit claims that Amazon's tactics prevent rivals from growing and emerging by stifling competition on price, product selection, and quality. The company's practices, including anti-discounting measures and conditioning sellers' 'Prime' eligibility on costly fulfillment services, are said to limit competitors' ability to compete effectively. The FTC and state partners seek a permanent injunction to stop Amazon's unlawful conduct and restore competition in the market.

September 26, 2023 | 5:29 pm
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Amazon's stock is trading lower due to the antitrust lawsuit filed by the FTC and 17 states. The lawsuit could potentially impact Amazon's business practices and market position.
The lawsuit alleges that Amazon has been exploiting its monopoly power, which has led to stifling competition. If the FTC and states prevail, it could lead to significant changes in Amazon's business practices and potentially impact its market position. This uncertainty is likely causing the stock to trade lower.
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