FTC Takes Legal Action Against Amazon for Online-Marketplace Monopoly

1 min read
Source: The Wall Street Journal
FTC Takes Legal Action Against Amazon for Online-Marketplace Monopoly
Photo: The Wall Street Journal
TL;DR

The Federal Trade Commission (FTC) and 17 states have filed a lawsuit against Amazon, accusing the e-commerce giant of illegally maintaining a monopoly in the online marketplace, resulting in artificially high prices, limited seller options, and harm to competitors. This high-stakes case highlights FTC Chair Lina Khan's aggressive antitrust stance and her willingness to take on major tech companies.

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