Amazon Faces FTC and State Antitrust Lawsuits Over Alleged Online Retail Monopoly

Amazon has responded to the Federal Trade Commission's (FTC) antitrust lawsuit, stating that the agency's allegations are misguided and would harm consumers and businesses. Amazon argues that its low prices, third-party seller model, and services like Fulfillment by Amazon (FBA) have benefited consumers and created jobs. The company denies the FTC's claims that its pricing practices and Prime membership are anticompetitive, emphasizing that it promotes competition and offers value to customers. Amazon plans to contest the lawsuit and continue innovating to prioritize customer satisfaction.