The Federal Trade Commission and 17 state attorneys general allege Amazon abused its powers to raise prices and levy high fees in sweeping antitrust lawsuit.
The Federal Trade Commission and 17 state attorneys general filed a sweeping antitrust lawsuit against Amazon Tuesday, a long-awaited move that seeks to bar the company from allegedly abusing its powers to raise prices for shoppers and levy high fees against businesses that sell on its platform.
Amazon did not have immediate comment. Amazon founder and former CEO Jeff Bezos owns The Washington Post. Interim CEO Patty Stonesifer sits on Amazon’s board.The FTC opened the investigation into Amazon’s potential violations of U.S. antitrust law in 2019 under the Trump administration, but the probe significantly expanded under Khan’s leadership. The agency’s relationship with the company also became visibly more contentious.
Amazon is a far cry from the book e-tailer start-up founded in Bezos’s Seattle-area garage in 1994. The company is now the United States’ second-largest private employer, and its workforce totals more than 1.4 million globally. It’s gotten into health care, movies, devices and pioneered
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