The New York Times reports that the Federal Trade Commission and 17 states have filed a lawsuit against Jeff Bezos’ company accusing it of illegally stifling competition.
As many as 17 states in the United States have decided to sue the global e-commerce giant Amazon. In fact, as reported by the New York Times, the Federal Trade Commission and 17 states have sued Jeff Bezos’ company, accusing it of illegally stifling competition. According to the accusations and what emerged, the e-commerce company would have illegally implemented a monopoly in various online retail sectors, effectively putting merchants in hot water and favoring its own services.
According to the American newspaper, this is the “government’s biggest challenge to the e-commerce giant”. In this article, let’s try to understand what is happening.
The Federal Trade Commission’s accusations
According to the Federal Trade Commission, the government agency for competition and consumer protection and according to the attorneys general of the various states, including that of New York, the giant Amazon appears to have prevented traders who work through the platform, to offer lower prices elsewhere. But that’s not all: in fact, according to the accusations, it seems that Amazon would also have them obliged to use their own logistics service for the shipment of parcels, with the aim of facilitating subscriptions to the Prime package. Furthermore, these procedures have triggered a worsening of the quality of spending for consumers, causing higher prices and reducing competition.
“The lawsuit seeks to hold Amazon to account for these monopolistic practices and restore the lost promise of free and fair competition,” said Lina Khan, chair of the Federal Trade Commission. On the other hand, Amazon responds through its senior vice president, Global public policy and General counsel “The lawsuit filed today by the FTC is wrong in fact and in law and we look forward to getting to court,” these are the statements by David Zapolsky.
Amazon’s reply
Amazon Senior Vice President, Global Public Policy and General Counsel David Zapolsky reiterates the following: “The lawsuit filed today makes it clear that what the Federal Trade Commission is focused on is far from what its mission should be, which is protect consumers and competition. The practices contested by the FTC contributed tostimulate competition and innovation across the retail industry and have resulted in greater selection, lower prices and faster shipping for Amazon customers, as well as greater opportunities for the many businesses that sell on Amazon.”
The Federal Trade Commission brings serious charges against the giant Amazon – Computer-Idea.it
And he continues: “If the Federal Trade Commission were to win, the result would be less choice among products, higher prices, slower deliveries to consumers and reduced options for small businesses,” Zapolsky further underlined. “That is, the exact opposite of what the antitrust law requires. The lawsuit filed today by the FTC is wrong in fact and in law and we can’t wait to get to court,” the n. then concluded. 2 of Jeff Bezos’ global giant..
2023-10-02 06:00:54
#Amazon #trouble #ecommerce #giant #sued #biggest #lawsuit #company #Computer #Idea
