Feds sue AMAZON; Market power warps prices

The Federal Trade Commission, the primary business regulator of the U.S. government, filed a lawsuit against Amazon on Tuesday, alleging that the company has leveraged its market dominance to distort the landscape of e-commerce across the internet.

The accusations primarily revolve around Amazon’s core marketplace, Amazon.com, and portray a company capable of using its size and influence to exert pressure on sellers to conform to its terms and manipulate the prices of products.

FTC Chair Lina Khan, in a press conference preceding the lawsuit announcement, emphasized the ongoing and immediate harm caused by these practices, NBC News reported.

READ MORE: https://www.nbcnews.com/tech/rcna117371

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