US Regulators Sue Amazon For Allegedly Inflating Prices Through Monopoly

  • The Federal Trade Commission and 17 state attorneys general sued Amazon on Tuesday for allegedly using its power as a monopoly to illegally block competition and inflate prices.
  • “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 new competitors from emerging,” the FTC said in an announcement about the complaint against Amazon.
  • The online retailer biases search results in favor of its own inferior products and it forces sellers to pay up to 50% of their total revenues it, according to the complaint.
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