Media reports US to sue Amazon claiming antitrust violations

Robert Besser
08 Feb 2023, 06:53 GMT+10

The Wall Street Journal reported this week that the US Federal Trade Commission is preparing a possible antitrust lawsuit against Amazon.com
However, the report did not confirm the timing of the case and which aspects of the e-commerce giant's businesses would targeted by the Trade Commission
Amazon was criticized for allegedly favoring its own products and placing obstacles before outside sellers on its platform

NEW YORK CITY, New York: The Wall Street Journal reported this week that the US Federal Trade Commission is preparing a possible antitrust lawsuit against Amazon.com.

However, the report did not confirm the timing of the case and which aspects of the e-commerce giant's businesses would targeted by the Trade Commission.

After Amazon was criticized for allegedly favoring its own products and placing obstacles before outside sellers on its platform, the Trade Commission began investigating the company during the Trump administration, especially for the bundling practices of its Prime subscription service.

After it addressed concerns over use of sellers' data, in December, Amazon reached a settlement with the European Union in three antitrust probes, preventing a fine of up to 10 percent of its international turnover.

In August last year, the Trade Commission rejected Amazon's efforts to reverse demands for both Chief Executive Andy Jassy and Executive Chairman Jeff Bezos to testify at hearings.

Amazon called the agency's requests in its investigation of the sign-up and cancellation processes for its Prime program to be "burdensome."

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Miami Mirror.

More Information

74 ℉

Fair in Miami

Business

Section

After business slowdown, Disney moves forward in firing 7,000 staff

BURBANK, California: Walt Disney has begun its planned lay off of 7,000 staff, which was announced earlier this year.A letter ...

China's 'Belt and Road' program has cost $240 billion, says study

NEW YORK CITY, New York: A study published this week reported that China spent $240 billion between 2008 and 2021 ...

Techs lead American stock markets higher

NEW YORK, New York - U.S. stocks posted a decent rally on Thursday with all the major indices making good ...

Brain implant company Neuralink weighs human trials

FREMONT, California: Neuralink, Elon Musk's brain implant company, has approached the Barrow Neurological Institute, one of the largest US neurosurgery ...