FTC Sues Amazon, Alleging Monopolisic Practices That Have Led to Higher Prices, Degraded Quality, Stifled Innovation, and More

[Tsing]

The Federal Trade Commission (FTC) and 17 state attorneys general announced today that they have sued Amazon, alleging that the company is a monopolist that exploits its power to inflate prices, stifle innovation for consumers and businesses, and more. Some of the allegations that have been levied against the tech and retail giant include biasing search results so they favor the company's own products, replacing search results with paid advertisements and junk ads, burying listings from sellers that it doesn't like, and charging sellers costly fees to stay in business. Connecticut, Michigan, New Jersey, New York, and Pennsylvania are among the states that joined the FTC's lawsuit.

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