The commission has been drafting legal challenge alleging anticompetition since late 2022
The Federal Trade Commission (FTC) has been joined by 17 state attorneys general in filing a legal complaint against Amazon, alleging that the company engages in a number of practices to illegally achieve a monopoly. The FTC alleges that Amazon regularly buries competitors’ products on its website while lesser-quality products are promoted in top search results alongside Amazon’s own products.
Other practices include charging large fees to businesses that must sell on Amazon to stay in business. Hundreds of thousands of businesses that sell through Amazon regularly pay almost 50 percent of their revenue due to the fees that Amazon requires.
FTC Chair Lina Khan stated, “The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to 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 on Amazon to reach them.”
As the Lord Leads, Pray with Us…
- For Chair Lina Khan to be led by the Lord as she heads the FTC.
- For discernment for the attorneys general as they support the commission’s legal complaint.
- For small business owners who are trying to stay afloat during the economic challenges of inflation and increasing interest rates.
Sources: Federal Trade Commission
