The Washington Times: FTC Hits Amazon With Antitrust Lawsuit Accusing It Of Manipulating The Online Marketplace
September 27, 2023
The Federal Trade Commission and 17 states sued Amazon on Tuesday for allegedly using illegal tactics to prevent competitors from growing.
The FTC said it took Amazon to court not because it was big but because it was bad.
“We’re bringing this case because Amazon’s illegal conduct has stifled competition across a huge swath of the online economy,” said FTC Bureau of Competition deputy director John Newman. “Amazon is a monopolist that uses its power to hike prices on American shoppers and charge sky-high fees on hundreds of thousands of online sellers.”
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Internet Accountability Project President Mike Davis said the FTC’s antitrust lawsuit was a crucial step needed to rein in Big Tech monopolies such as Amazon.
“Free markets require functioning markets,” Mr. Davis said. “This requires enforcement of our century-old antitrust laws to target anticompetitive tumors.”
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Read the full article HERE.
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