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Sep 28 2023
News
What retailers have launched U.S. marketplaces since Amazon's FTC antitrust probe
NEW YORK, NY, Sept 28 (Reuters) - Amazon faces an antitrust lawsuit by the U.S. Federal Trade Commission (FTC) and 17 state attorneys general for what they call monopolistic pricing to customers and fees to the e-retailers' third-party sellers. Amazon maintains that its pricing strategies and tactics help create competition for its merchants on and off the platform, and that reconstructing the
ReutersSep 27 2023
News
FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly
The Federal Trade Commission and 17 state attorneys general today sued Amazon, claiming the online retail giant illegally maintains monopoly power.
"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. "The complaint sets forth detailed allegations noting how Amazon is now exploiting its
Ars TechnicaSep 27 2023
News
FTC Vs Amazon: Consumer Brands Think Lina Khan’s Case “Misses The Point”
Yesterday, the FTC and 17 States introduced a suit against Amazon . The long-anticipated suit paints the retailer as exploiting its monopolistic power from consumers, brands, and other parties that interact with the company. But many brands who sell on the marketplace or to the retailer as a vendor feel like the case is focused on issues that are peripheral to the real challenges of doing
ForbesSep 26 2023
News
Bezos Faces the Music: FTC and 17 States Sue Amazon Alleging Monopolistic Practices
Amazon finds itself in the crosshairs of the FTC and 17 states, facing accusations of engaging in illegal conduct and monopolistic practices within its online store and merchant services. According to the FTC, “The complaint alleges that Amazon violates the law not because it is big, but because it engages in a course of exclusionary conduct that prevents current competitors from growing and
Breitbart NewsSep 26 2023
News
FTC sues Amazon in landmark antitrust case over ‘exploiting monopolies’ in online selling
The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers. In a complaint filed in federal court in Seattle Tuesday, the FTC and 17 states accused Amazon of engaging in a course of conduct to exclude rivals in online marketplace
The Dallas Morning NewsSep 26 2023
News
17 states, including Minnesota, join FTC in massive antitrust lawsuit against Amazon
MINNEAPOLIS — Minnesota is among over a dozen states that are filing a sweeping antitrust suit against Amazon. The Federal Trade Commission and 17 state attorneys general on Tuesday filed a much-anticipated case against Amazon, alleging the retailing giant illegally wields monopoly power to maintain higher prices, harming customers and hurting rivals. "Our complaint lays out how Amazon has
CBS News (Online)Jul 14 2023
News
Forbes Daily: FTC Takes On ChatGPT Over Potential Risk To Customers
This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here. The FDA approved the first over-the-counter daily birth control pill on Thursday, a major step as access to reproductive care has come into greater focus since the Supreme Court overturned Roe v. Wade. Drugmaker HRA Pharma’s daily pill norgestrel, marketed as Opill, is a type of
ForbesJul 11 2023
News
FTC Loses First Bid to Block Microsoft's Acquisition of Activision Blizzard
Barron'sDec 20 2023
News
Rite Aid 'left its customers facing humiliation,' says FTC as it hits chain with five-year facial-recognition ban
The Rite Aid drugstore chain has taken some richly deserved batterings recently. First, claims stemming from its over-prescription of opioids contributed to its bankruptcy two months ago. And now the company has been banned from using facial recognition in its store security systems for a whole five years, thanks to its enthusiastic demonstration of how to grossly misuse the technology. Rite
Fortune