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.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
TATA CONSULTANCY SERVICES
AGGRESSIVE ELECTRONICS MANUFACTURING SERVICES PVT. LTD.
STERLITE TECHNOLOGIES LTD.
QUICK HEAL TECHNOLOGIES PVT. Ltd.
Technology Icons Of India 2023: Mukesh D. Ambani
An Indian billionaire businessman Mukesh Dhirubhai Ambani is currently...
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
Technology Icons Of India 2023: Rajeev Chandrasekhar
Rajeev Chandrasekhar is the Union Minister of State for Electronics an...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
CERT-IN protecting the cyber security space of India
CERT-In serves in the area of cyber security threats like hacking and ...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...