Amazon sued by FTC, which charges that company is 'exploiting its monopoly power'

The Federal Trade Commission filed an antitrust lawsuit against Amazon.com Inc. Tuesday, making for the highest-profile case yet in the agency’s attempt to rein in Big Tech. “Our complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies,” FTC Chair Lina Khan said in a statement. She added that Amazon AMZN, “is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens of millions of American families who shop on its platform and the...