Why US Government and 17 States Sue Amazon ?
By MYBRANDBOOK
The Federal Trade Commission along with 17 states have sued Amazon. This antitrust lawsuit is claiming that Amazon has become a monopoly “and it is exploiting its monopolies in ways that leave shoppers and sellers paying more for worse service.
The FTC and states allege that Amazon has used a variety of anticompetitive tactics to maintain its dominance, including:
● Giving preferential treatment to its own products and services. For example, the FTC alleges that Amazon prioritizes its own products in search results and gives its own sellers better placement on its website.
● Using its market power to pressure sellers to lower their prices. The FTC alleges that Amazon threatens to punish sellers who offer lower prices on other platforms by giving them less visibility on Amazon's website or charging them higher fees.
● Acquiring competitors to stifle competition. The FTC alleges that Amazon has acquired a number of competitors in recent years, including Whole Foods Market and Zappos, in order to reduce competition and maintain its dominance.
The FTC and states are seeking a permanent injunction that would prohibit Amazon from engaging in these anticompetitive practices and restore competition to the e-commerce market.
If the FTC and states are successful in their lawsuit, it could have a significant impact on Amazon's business. Amazon could be forced to change its business practices and divest itself of some of its assets. This could lead to lower prices and better service for consumers and sellers alike.
The lawsuit is also a sign of the growing scrutiny that Amazon is facing from regulators around the world. Amazon has been accused of anticompetitive practices in the United States, Europe, and India. The FTC's lawsuit is the most significant antitrust challenge that Amazon has faced to date.
It remains to be seen how the lawsuit will play out, but it is clear that Amazon is facing increasing pressure from regulators. The outcome of the lawsuit could have a major impact on the future of the e-commerce industry.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
TAC SECURITY SOLUTIONS
ZOHO CORPORATION PVT. LTD.
IBALL WORLDWIDE PVT. LTD.
SECLORE TECHNOLOGY PVT. LTD.
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
Technology Icons Of India 2023: Anant Maheshwari
As President of Microsoft India, he is responsible for Microsoft’s o...
Technology Icons Of India 2023: C P Gurnani
CP Gurnani (popularly known as ‘CP’ within his peer group), is the...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
ITI Limited widening its focus area
ITI Limited is a public sector undertaking company, has manufacturing ...
GeM maintains transparency in online procurement of goods & services
Created in a record time of five months, Government eMarketplace is a ...
NETPOLEON SOLUTIONS
Netpoleon Group is a Value-Added Distributor (VAD) of Network Security...
ADITYA INFOTECH LTD.
Aditya Infotech Ltd. (AIL) – the technology arm of Aditya Group, is ...
IVALUE INFOSOLUTIONS PVT. LTD.
: iValue Info Solutions is a value added distributor, provides solutio...