The Federal Trade Commission and 17 state attorneys general have filed a lawsuit against Amazon, accusing the company of being a monopolist that engages in unfair and anti-competitive practices. The complaint alleges that Amazon’s actions prevent rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and impede fair competition. The lawsuit seeks to hold Amazon accountable for its monopolistic practices and restore free and fair competition. Amazon’s conduct impacts billions of dollars in retail sales, hundreds of thousands of products, and millions of shoppers. The company is accused of using its power to hike prices and charge high fees.
https://www.ftc.gov/news-events/news/press-releases/2023/09/ftc-sues-amazon-illegally-maintaining-monopoly-power