Amazon wins partial dismissal of US antitrust lawsuit
undefined 1, 2024
Amazon won partial dismissal in a U.S. Federal Trade Commission (FTC) lawsuit that accuses it of maintaining illegal monopolies. A Seattle court granted part of Amazon’s request to dismiss the case, though the full details of the ruling remain unclear. The FTC had claimed Amazon used anti-competitive tactics, such as an algorithm that allegedly raised consumer prices by over $1 billion. Amazon countered, arguing its price-matching and Prime services benefit consumers. The case is one of several high-profile antitrust lawsuits targeting Big Tech, including Meta, Apple, and Google. FTC Chair Lina Khan has long scrutinized Amazon’s practices.
Read full article
