The Federal Trade Commission’s long-awaited antitrust lawsuit against Amazon is the most aggressive move it has taken yet to tame the market power of a company that’s become synonymous with online shopping and fast deliveries. Under chair Lina Khan, the FTC hasn’t been shy about taking big swings against some of American’s biggest companies in an effort to snuff out monopolistic behavior. But that approach has also led to some high-profile setbacks, most notably in its bid to block acquisitions
File - Lina Khan, then a nominee for Commissioner of the Federal Trade Commission , speaks at a hearing, April 21, 2021 on Capitol Hill in Washington. The Federal Trade Commission’s long-awaited antitrust case is the agency’s most aggressive move yet to tame the market power of Amazon, a company that’s become synonymous with online shopping and fast deliveries. File - The Amazon logo is displayed at a Best Buy store in Pittsburgh on Jan. 23, 2023.
The Amazon case, which was backed by 17 states, marks a full-circle moment for Khan, who is finally confronting the company she scrutinized in an influential scholarly paper she penned as a Yale Law student. In the paper, which was called “Amazon’s Antitrust Paradox” and released in 2017, Khan argued the prevailing way of looking at anticompetitive conduct by the impact it has on prices was insufficient in the modern economy.
A final decision in Amazon case will likely come years down the road, assuming the lawsuit isn’t dropped under a new administration, dismissed by a judge or ends in a settlement akin to the oneDistrict of Columbia also tried to sue Amazon Online, Amazon has been facing growing competition from traditional retailers including Walmart, and Chinese shopping sites Shein and Temu, which became popular by offering ultra-cheap goods. There are also platforms like Etsy and Shopify that are enabling small businesses to sell directly to consumers, and specialist retailers like Wayfair.
Zapolsky counters that Amazon — just like any store owner that doesn’t want to promote bad deals — doesn’t highlight listings that aren’t competitively priced. He also said the services the company provides to sellers are optional.in its favor by locking in its search engine as the default choice in a plethora of places and devices. That case was brought by the Department of Justice and marks the biggest U.S.
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