Here we are sharing a piece of big news with you The U.S. Federal Trade Commission filed a prolonged awaited antitrust case against Amazon. com on Tuesday. Asked the court to believe forcing the online trader to sell help as the government charges Big Tech of monopolizing the most lucrative features of the internet. Since the news came on the internet it has gone viral on many social networking sites. Currently, this news has become a topic of discussion and many people are very curious to know about the whole information about the news. We have more information about the news and will share it with you in this article.
Antitrust Lawsuit Against Amazon
The FTC charged Amazon, a company that began in a garage in 1994 and is today worth $1.3 trillion, of opposing efforts by vendors on its online marketplace to present products more cheaply on other platforms. Amazon forces sellers to use its warehouses and delivery services, complimenting costs for customers and sellers. Amazon is a monopoly and misapplies its strengths as per the FTC, which quotes a seller as stating “We have nowhere else to go and Amazon knows it.”You are on the right page for more information about the news, so please read the complete article.
The case was expected after years of complaints that Amazon.com and other tech giants abused their dominance of search, social media, and online retailing to become porters on the most promising aspects of the internet. The lawsuit, which was entered by 17 state lawyers general, follows a four-year inquiry and federal lawsuit filed against Alphabet’s Google and Meta Platforms Facebook. The FTC stated that it had been asking the court to problem a permanent injunction ordering Amazon to stop its illegal conduct. Scroll down to the next page for more information about the news.
MONOPOLY POWER
The case which was filed in the U.S. District Court for the District of Columbia was given to John Coughenour, who was nominated to the bench in 1981 by Republican President Ronald Reagan. Khan stated that Amazon had used unlawful tactics to fend off companies that would have risen to challenge its monopoly. She stated now Amazon has been exploring that trust power to harm its clients, both the tens of millions of families that shop on Amazon’s platforms and the hundreds of thousands of sellers that Amazon reaches. Here we have shared all the information that we had. Stay tuned for more updates.