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THE WHAT? The US Federal Commerce Fee, along with 17 states is taking Amazon to court docket over its alleged use of anti-competitive practices. Amazon has denied all allegations.
THE DETAILS The American e-commerce behemoth is accused of upping charges to sellers, punishing those that bought items for much less on different platforms and overcharging customers, per a report printed by the Monetary Occasions. The competitors authority additionally claims that Amazon has obstructed its investigation.
THE WHY? The antitrust regulator has stepped up efforts to crack down on monopolies within the US and this go well with is the newest in a protracted line of comparable circumstances citing tech giants equivalent to Google, Microsoft and Meta which have been launched below President Biden’s administration, the Monetary Occasions writes.
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