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FTC Sues Amazon in Landmark Antitrust Case Over Marketplace

  • Suit alleges Amazon is a monopolist that stifles competition
  • Case marks career-defining moment for FTC Chair Lina Khan
The suit is the fourth the agency has filed this year targeting Amazon.Photographer: Denis Charlet/AFP/Getty Images

The suit is the fourth the agency has filed this year targeting Amazon.Photographer: Denis Charlet/AFP/Getty Images

The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers.

In a complaint filed in federal court in Seattle Tuesday, the FTC and 17 states accused Amazon of engaging in a course of conduct to exclude rivals in online marketplace services and stifle competition. The company is also accused of illegally forcing sellers on its platform to use its logistics and delivery services in exchange for prominent placement and of punishing merchants who offer lower prices on competing sites.

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Author: Editors Desk

Source: Bloomberg

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