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.