The regulator said the e-commerce titan engages in conduct that prevents current competitors from growing and new competitors from emerging.
The Federal Trade Commission said it is suing Amazon.com, alleging that the vast company is a “monopolist” that strategically prevents competition with its dominant online marketplace.
The FTC said that Amazon’s actions allow the company to stop competitors from lowering prices, degrade quality for shoppers, overcharge sellers, and stifle innovation. The company plans to fight back in court. The lawsuit also states that Amazon has steeply increased prices for sellers and that “it now reportedly takes close to half of every dollar from the typical seller that uses Amazon’s fulfillment services.”
“If the FTC gets its way, the result would be fewer products to choose from, higher prices, slower deliveries for consumers, and reduced options for small businesses—the opposite of what antitrust law is designed to do,” Zapolsky said.
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