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FTC Lawsuit Targets Amazon's Alleged Monopoly Power and Manipulation of Online Market

  • The Federal Trade Commission and 17 states filed an antitrust lawsuit against Amazon, alleging it illegally maintains a monopoly and engages in anti-competitive business practices.
  • The lawsuit claims Amazon uses tactics like punishing sellers who offer lower prices on other sites and manipulating search results to favor its own products and sellers.
  • Amazon is accused of exploiting its dominance over the online retail marketplace to inflate prices, overcharge sellers, and degrade the shopping experience for consumers.
  • The FTC aims to permanently bar Amazon from unlawful monopolistic conduct and potentially restructure the company.
  • Amazon denies the allegations, arguing the lawsuit would lead to negative consequences like higher prices and fewer options for consumers and small businesses.
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