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.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
AMD Pensando driving innovation in the DPU architecture space
AMD Pensando stands out in the DPU (Data Processing Unit) market with its u
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
DELL TECHNOLOGIES INDIA PVT. LTD.
EXIDE INDUSTRIES LTD.
TATA CONSULTANCY SERVICES
STERLITE TECHNOLOGIES LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : VINAY SINHA
Vinay Sinha is the Managing Director of Sales for the India Mega Regio...
Icons Of India : Debjani Ghosh
Debjani Ghosh is the President of the National Association of Software...
Icons Of India : NATARAJAN CHANDRASEKARAN
Natarajan Chandrasekaran (Chandra) is the Chairman of Tata Sons, the h...
PARTNER SPEAKERS
PSU
CERT-IN - Indian Computer Emergency Response Team
CERT-In is a national nodal agency for responding to computer security...
ECIL - Electronics Corporation of India Limited
ECIL is distinguished by its diverse technological capabilities and it...
RailTel Corporation of India Limited
RailTel is a leading telecommunications infrastructure provider in Ind...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - ARVIND KRISHNA, CEO – IBM
Arvind Krishna, an Indian-American business executive, serves as the C...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - Lal Karsanbhai, President & CEO, Emerson
Lal Karsanbhai, President and CEO of Emerson, assumed the leadership i...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
