
Amazon goes to court; Complaint by FTC and 17 US states protesting monopolistic policies
The complaint alleges that Amazon uses "unfair and anti-competitive strategies" to maintain its monopoly and undermine its competitors.
The US Federal Trade Commission (FTC) and 17 state attorneys general have sued Amazon, alleging that the online retail giant used "unfair and anti-competitive strategies" to maintain a monopoly and raise prices for online buyers and sellers.
According to published reports, the states and the FTC alleged in their complaint:
"Amazon violates the law not because it is big, but because it engages in monopolistic behavior that prevents the growth of existing competitors and the emergence of new ones. By suffocating competition on price, product selection, quality,...
.....................................
Read more on our website:
Amazon goes to court
Comments
Post a Comment