easysurfer
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 11, 2008
- Messages
- 13,179
Is Amazon a Monopoly? Might end up letting the courts decide.
IMO, Amazon might be one but I'm happy with them.
https://gizmodo.com/ftc-sues-amazon-antitrust-illegal-monopoly-1850874431
IMO, Amazon might be one but I'm happy with them.
Federal Trade Commissioner Lina Khan is finally entering the ring with Amazon, her oldest antitrust nemesis. The agency, along with 17 other state attorneys general, is officially suing Jezz Bezos’s e-commerce baby for growing and metastasizing into a trillion-dollar anti-competitive monopoly, allegedly at the expense of consumers and sellers.
On Tuesday, the FTC and the attorneys general filed the historic lawsuit, which accuses the e-commerce giant of using “interlocking anticompetitive and unfair strategies” to maintain an illegal monopoly. The landmark 172-page suit, filed in Western Washington district court, claims Amazon leveraged its monopoly power to simultaneously raise prices for consumers and crush would-be competitors. Today’s complaint builds off of a years-long investigation into Amazon’s business practices and marks one of the most significant legal challenges to the company since its founding three decades ago.
https://gizmodo.com/ftc-sues-amazon-antitrust-illegal-monopoly-1850874431