FTC and U.S. states take on Amazon in landmark monopoly lawsuit

The U.S. Federal Trade Commission (FTC) has filed an antitrust lawsuit against Amazon, accusing the company of monopolizing the most profitable parts of the internet and stifling competition. The FTC alleges that Amazon forces sellers on its marketplace to use its warehouses and delivery services, inflating costs for consumers and sellers. The lawsuit, joined by 17 state attorneys general, follows a four-year investigation and federal lawsuits against Google and Facebook. The FTC is seeking a permanent injunction to stop Amazon's alleged unlawful conduct and is considering forcing the company to sell assets. Amazon has defended its practices, stating that they have spurred competition and innovation in the retail industry.