Robert Besser
08 Feb 2023, 06:53 GMT+10
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."
Get a daily dose of Miami Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Miami Mirror.
More InformationCHEYENNE, Wyoming: This week, the Biden administration raised US$3.4 million from a sale of oil and gas drilling rights in ...
NEW YORK, New York - U.S. stocks extended their rally on Friday despite remarks by Federal Reserve Chair Jerome Powell ...
MOSCOW, Russia: Russia's trade in oil with India, one of the most lucrative oil trade routes since the imposition of ...
LONDON - Health experts and tobacco campaigners have strongly criticized New Zealand's decision to repeal laws that aimed to ban ...
NEW YORK, New York - The Dow Jones index was the standout on U.S. financial markets on Thursday with a ...
WASHINGTON D.C.: Despite the ongoing economic uncertainty, major discounts during the Thanksgiving weekend enticed U.S. shoppers, who spent some US$38 ...
CHISINAU, Moldova: Over the weekend, heavy snowfall and strong blizzards in Romania, Moldova and Bulgaria left one person dead and ...
WASHINGTON D.C.: After a House Ethics Committee report found substantial evidence that he broke the law, New York Republican representative ...
In a report by The New York Times, it has been revealed that Israeli officials had obtained a detailed battle ...
NAYPYIDAW, Myanmar: Kyar Win, spokesperson for the Myanmar National Democratic Alliance Army, which launched a surprise offensive last month against ...
While Secretary of State Anthony Blinken has been frantically shuttling around the Middle East trying to stop the Israeli coflict ...
LESBOS, Greece: Greek authorities said a cargo ship sank off the island of Lesbos over the weekend during a storm, ...