{"id":2045333,"date":"2023-09-26T15:11:02","date_gmt":"2023-09-26T19:11:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ftc-sues-amazon-for-illegally-maintaining-monopoly-power\/"},"modified":"2023-09-26T15:14:19","modified_gmt":"2023-09-26T19:14:19","slug":"ftc-sues-amazon-for-illegally-maintaining-monopoly-power","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ftc-sues-amazon-for-illegally-maintaining-monopoly-power\/","title":{"rendered":"FTC sues Amazon over illegal monopoly power."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fftc-sues-amazon-for-illegally-maintaining-monopoly-power%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2045333&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">This picture shows the Amazon logo at one of the company\u2019s centre in Bretigny-sur-Orge on November\u2064 28, 2019. (Photo by Thomas SAMSON \/ AFP) (Photo by THOMAS SAMSON\/AFP via Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/sophia-flores\">Sophia Flores<\/a><br \/>12:07 PM \u2013 Tuesday, September 26, 2023<\/h2>\n<p>The\u2064 Federal Trade Commission (FTC) and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democratic-infighting-heats-up-over-agenda\/\" title=\"Democratic Infighting Heats Up Over Agenda\">17 state attorneys general<\/a> have filed an antitrust lawsuit against the\u200c E-commerce company, Amazon.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>On Tuesday, the FTC and\u2064 the 17 state attorneys general accused \u2063Amazon of illegally maintaining\u2064 its monopoly power to &#8220;inflate prices, degrade quality, and stifle innovation \u2064for consumers and\u2063 business.&#8221;<\/p>\n<p>The states that\u200d joined the \u2062FTC lawsuit were:<\/p>\n<ul>\n<li>Connecticut<\/li>\n<li>Delaware<\/li>\n<li>Maine<\/li>\n<li>Maryland<\/li>\n<li>Massachusetts<\/li>\n<li>Michigan<\/li>\n<li>Minnesota<\/li>\n<li>New Jersey<\/li>\n<li>New Hampshire<\/li>\n<li>New Mexico<\/li>\n<li>Nevada<\/li>\n<li>New York<\/li>\n<li>Oklahoma<\/li>\n<li>Oregon<\/li>\n<li>Pennsylvania<\/li>\n<li>Rhode Island<\/li>\n<li>Wisconsin<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;Our complaint lays out how Amazon has used a set \u2062of punitive and coercive \u200ctactics\u200c to unlawfully maintain its monopolies,&#8221; FTC Chair Lina Khan said in a statement. &#8220;The complaint sets forth detailed allegations \u200bnoting how Amazon is now exploiting its monopoly power to\u200c enrich itself while raising prices and degrading service for the tens of millions of American families who shop on its platform and the hundreds of thousands of businesses that rely\u200d on Amazon to reach them.&#8221;<\/p>\n<\/blockquote>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1. Today <a href=\"https:\/\/twitter.com\/FTC?ref_src=twsrc%5Etfw\">@FTC<\/a> and 17 state AGs\u200d filed a lawsuit\u200c detailing how Amazon \u2064uses punitive &#038; coercive tactics to unlawfully maintain its monopolies. Amazon is\u2062 exploiting its monopoly power to enrich\u200d itself while raising \u2064prices &#038;\u200b degrading service for its customers.<a href=\"https:\/\/t.co\/7NiPGxx2CU\">https:\/\/t.co\/7NiPGxx2CU<\/a><\/p>\n<p>\u2014 \u2063Lina\u2063 Khan (@linakhanFTC) <a href=\"https:\/\/twitter.com\/linakhanFTC\/status\/1706704440000999840?ref_src=twsrc%5Etfw\">September 26, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Additionally, the lawsuit alleges that \u200cthe world\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/michael-knowles-book-speechless-hits-no-1-on-amazon-new-york-times-still-silent\/\" title=\"Michael Knowles\u2019 Book \u2018Speechless\u2019 Hits No. 1 On Amazon, New York Times Still Silent\">largest online retailer<\/a> is operating \u2064without \u2063competition in two markets, \u2062which in turn \u200cis allowing \u200bthe company to conduct &#8220;monopolistic practices.&#8221;<\/p>\n<p>However, Amazon released a counterstatement after the suit \u200dwas announced, calling the legal action wrong and accusing the FTC \u200bof losing focus of its \u200coriginal mission. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;Today\u2019s suit\u2063 makes clear the FTC\u2019s focus has radically departed\u200d from its mission of protecting consumers and competition,&#8221; \u2064Amazon <a rel=\"noreferrer noopener\" href=\"https:\/\/www.aboutamazon.com\/news\/company-news\/amazon-response-to-ftc-antitrust-lawsuit\" target=\"_blank\">said<\/a>. &#8220;The \u200bpractices the FTC is challenging have helped to spur competition and\u2064 innovation across the retail industry, and have\u2062 produced greater selection, lower prices, and\u2062 faster\u200b delivery speeds for\u200d Amazon customers and greater opportunity for the many businesses that sell in Amazon\u2019s store.&#8221;<\/p>\n<\/blockquote>\n<p>The announcement follows a \u200bseparate \u2063legal\u2063 action taken against\u2062 Amazon \u2063by the\u2063 FTC earlier this year. <\/p>\n<p>In June, the E-commerce company was accused of utilizing deceitful tactics in order to trick millions of customers into enrolling into its Prime\u200d subscription \u200cservice.<\/p>\n<p>Stay\u2063 informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><a rel=\"noreferrer noopener\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.oann.com%2Fnewsroom%2Fgov-hochul-deploys-natl-guard-to-assist-with-migrant-crisis-in-ny%2F&#038;t=Gov.%20Hochul%20Deploys%20Nat%27l%20Guard%20To%20Assist%20With%20Migrant%20Crisis%20In%20NY\" target=\"_blank\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Stew Peters<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Angela Morabito<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Harrison Tinsley<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Dr. \u200cPete St. Onge<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON (Reuters) -The European Commission launched an investigation on\u200d Wednesday into whether to impose punitive tariffs to protect European Union \u2063automakers against\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By David \u2063Shepardson \u200dWASHINGTON (Reuters) \u2013 The U.S. Senate\u2019s\u2063 top Democrat is bringing \u200dU.S. technology leaders including Tesla CEO Elon Musk, Meta\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By John Revill ZURICH \u2063(Reuters) \u2013 ABB is spending $280 million on a new robotics factory in Sweden, the Swiss engineering and\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>PARIS (Reuters) \u2013 French Europe Minister Laurence Boon on Wednesday welcomed an anti-subsidy investigation\u2063 into Chinese electric vehicles launched by the EU\u2026 <\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> How does Amazon defend itself against\u2062 the\u200d antitrust lawsuit\u2062 and what \u200care their arguments in favor of\u200c their practices in the retail industry<\/h2>\n<p><span>  Amazon Faces Antitrust Lawsuit by\u2063 FTC \u2064and 17 State Attorneys General<\/p>\n<p>On Tuesday, the Federal Trade Commission (FTC) and\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ftc-sues-amazon-for-illegally-maintaining-monopoly-power\/\" title=\"FTC sues Amazon over illegal monopoly power.\">17 state \u200cattorneys general filed<\/a> an \u2064antitrust lawsuit against e-commerce giant Amazon. The lawsuit accuses Amazon of\u200d illegally maintaining its monopoly power, resulting in inflated prices,\u200c degraded quality, and stifled innovation for consumers and businesses.<\/p>\n<p>The states that joined the FTC lawsuit include\u2064 Connecticut, \u200bDelaware, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New Hampshire, New Mexico, Nevada,\u200d New York, Oklahoma, Oregon, Pennsylvania, Rhode\u2063 Island, and Wisconsin.<\/p>\n<p>FTC Chair Lina\u2062 Khan emphasized the allegations against Amazon, stating, &#8220;Our\u200b complaint lays out how Amazon has used a set\u200d of punitive and coercive tactics to unlawfully maintain its monopolies. The complaint sets forth detailed allegations noting how Amazon is now exploiting its\u200c monopoly power to enrich itself while raising prices and degrading service\u2062 for the tens\u200b of\u200c millions of American families who shop on its\u2062 platform and the hundreds of thousands of businesses that rely on Amazon to reach them.&#8221;<\/p>\n<p>The lawsuit \u2064also\u200b claims that Amazon operates \u200dwithout competition in two markets, enabling the \u200ccompany \u200dto\u200c engage in monopolistic\u200c practices. This lack of competition\u200d allegedly allows Amazon\u2063 to control prices \u2062and limit choices in the market.<\/p>\n<p>Following the announcement\u2063 of the lawsuit, Amazon released a counterstatement, dismissing the legal action as wrong and accusing the FTC of losing focus on its original\u2064 mission. Amazon argues that the practices being challenged by the FTC\u200b have actually\u2062 fostered competition \u2063and \u2064innovation in the retail industry. According to \u2064Amazon, these practices have led\u200c to greater selection, lower prices, faster delivery speeds for customers, and \u2064increased opportunities for businesses that \u2062sell \u200bon its platform.<\/p>\n<p>The outcome of this antitrust lawsuit against Amazon \u2064could have far-reaching implications for the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazon-to-hire-a-quarter-million-new-workers-as-holiday-shopping-season-nears\/\" title=\"Amazon plans to recruit 250,000 fresh employees ahead of the upcoming holiday shopping season.\">e-commerce \u200dindustry<\/a> and \u2064competition in online \u200cretail. As \u200bthe world&#8217;s largest online retailer, Amazon&#8217;s dominance has raised concerns about its impact on smaller businesses and consumers. The lawsuit seeks to address these concerns and hold Amazon accountable for its alleged anticompetitive\u2062 behavior.<\/p>\n<p>It remains to be\u2063 seen how the legal battle between Amazon and \u200bthe FTC, along \u200bwith the support of 17 \u2062state attorneys general, will unfold. As the case progresses, it \u200bwill \u200cshed\u2062 light on the extent \u2062of Amazon&#8217;s market power and \u200bthe potential consequences of its practices for the broader marketplace.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon, alleging monopolistic practices. The lawsuit aims to address concerns about Amazon&#8217;s dominance in online retail and its impact on competition. The FTC and state attorneys general are seeking remedies to promote fair competition and protect consumers. This legal action marks a significant challenge for Amazon&#8217;s business operations.<\/p>\n","protected":false},"author":1209,"featured_media":2045334,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2045333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2045333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1209"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2045333"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2045333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2045334"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2045333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2045333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2045333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}