The Federal Trade Commission (FTC) and e-commerce giant Amazon have upped the stakes in their ongoing legal battle over allegations of anti-competitive and monopolistic behavior.
The dispute reached a new milestone as Amazon sought to have the case dismissed, asserting that the practices in question have ultimately benefited consumers by lowering prices and are not unique to Amazon but rather common across the retail sector. Characterizing the FTC’s lawsuit as an “attack” on its business model, Amazon defended itself as one of America’s most consumer-focused companies.
Read more: US FTC OKs $61.7M Settlement With Amazon Over Tips
The FTC countered Amazon’s arguments, contending that the company’s actions have contributed to establishing a self-reinforcing monopoly that stifles competition and drives up prices across the internet. Describing the case as a “straightforward story of illegal conduct,” FTC attorneys emphasized Amazon’s status as a monopolist enriching itself at the expense of consumers.
The stakes of the case are high, with Amazon’s legal team acknowledging the potential for “structural relief” sought by the FTC, which could potentially reshape the company’s business operations. Despite this acknowledgment, the exact changes the FTC is seeking remain unclear, and the legal proceedings are anticipated to be protracted, with resolution possibly years away.
Source: Settle Times
Featured News
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
May 9, 2024 by
CPI
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI