The U.S. Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon.com on Tuesday, charging the online retailer with harming consumers through higher prices in the latest U.S. government legal action aimed at breaking Big Tech's dominance of the internet.
Amazon.com accused by FTC of deceptive practices, favouritism and 'unlawful coercion'The Amazon logo is photographed at the Vivatech trade show in Paris on June 15.
"The FTC and its state partners say Amazon's actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation and prevent rivals from fairly competing against Amazon," the agency said in a statement. Amazon said that the FTC lawsuit was wrong-headed and would hurt consumers by leading to higher prices and slower deliveries.
Booksellers and authors have also been urging the U.S. Department of Justice to investigate what they've called Amazon's "monopoly power over the market for books and ideas."The FTC said that Amazon, founded in 1994 by Jeff Bezos and worth more than $1 trillion US, punished sellers that sought to offer prices that were lower than Amazon's by making it difficult for consumers to find the seller on Amazon's platform.
Khan, while a law student, wrote about Amazon.com's dominance in online retailing for The Yale Law Journal and was on the staff of the House committee that wrote a report issued in 2020 that advocated reining in four tech giants: Amazon.com, Apple, Google and Facebook.
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