Amazon shares are trading lower. The FTC and 17 US states filed an antitrust case against the company accusing it of using monopoly power.
Portfolio Pulse from Benzinga Newsdesk
Amazon is facing an antitrust case filed by the FTC and 17 US states, accusing the company of using monopoly power. This has led to a decrease in Amazon's share price.
September 26, 2023 | 5:42 pm
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Amazon's stock price is trading lower due to an antitrust case filed by the FTC and 17 US states accusing the company of using monopoly power.
The antitrust case filed against Amazon by the FTC and 17 US states is a significant legal issue that could potentially impact the company's operations and reputation. This has led to a decrease in investor confidence, reflected in the lower trading price of Amazon's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100