At the end of 2023, the Federal Trade Commission (FTC) and 17 state attorneys general sued Amazon for alleged illegal monopolies and antitrust violations...
to breakdown what this means considering Amazon 's influence on both the worlds of retail and tech. She and Sozzi speculated on how Amazon 's practices are even contributing to inflation: 'We’re all paying more because of Amazon ’s power in e-commerce.
So these are not the sorts of things that build bridges and sort of help you make your case when you're in the regulatory spotlight for those not familiar why is the FCFTC contending that Amazon is monopoly.The seller base is really important to Amazon.So sellers need to be there. Not inflation large but in e commerce, they're saying that we're all paying more because of Amazon's power in e commerce.If you think about the regulatory bodies in Europe is another example, Amazon needs to and really all of these platforms, they need to be more transparent in terms of how their platforms operate, how they use data, how privacy security, how all of these critical issues are being handled.
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