The online giant denies the allegations, saying that “the practices the FTC is challenging have helped to spur competition and innovation across the retail industry."
September 26, 2023 at 01:56 PM
4 minute read
The Federal Trade Commission and 17 state attorneys general on Tuesday sued Amazon, claiming the company has unlawfully deprived rivals and undermined competition, resulting in higher prices on consumer products.
“Amazon is a monopolist, and it is exploiting its monopolies in ways that leave shoppers and sellers paying more for worse service,” FTC Chair Lina Khan said.
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Federal Trade Commission Chair Lina Khan. Photo: Al Drago/Bloomberg
