The Federal Trade Commission (FTC) and the attorneys general of 17 US states filed a lawsuit against amazon for monopoly, the FTC reported in a statement.
In their complaint they accuse the internet commerce giant of “illegally” maintaining a monopolistic power through multiple anti-competitive practices.
The lawsuit alleges that Amazon violates the law “not only because it is large,” but because it engages in “exclusionary” behavior that “prevents its current competitors from growing or new competitors from emerging.”
So, accuses it of “suffocating” competition in such a way that it prevents rivals and sellers from lowering prices, “degrades” the quality of the products that buyers access, overcharges sellers or prevents innovation in the sector.
He adds that the “far-reaching schemes” of the company founded by Jeff Bezos They impact “hundreds of billions of dollars in sales each year” on more than 100 million buyers.
The investigation against Amazon
FTC Chair Lina Khan explains in the statement that the lawsuit shows that Amazon has used a series of “coercive and punitive” tactics. to maintain their monopolies and to enrich themselves while raising prices and degrading their services.
For his part, the head of the FTC’s Office of Competition, John Newman, explained that amazon has used its power to skyrocket the prices that American consumers had to pay and charge “very high” fees to hundreds of thousands of online sellers who used this platform.
For Newman, “rarely” in the history of US antitrust laws A lawsuit like the one presented has so much “potential to do so much good for so many people” if successful.
Source: Larepublica
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