Sunday 1 October 2023

No 276: Amazon In Legal Trouble

IN the USA, regulators have sued Amazon, alleging that the internet giant is illegally maintaining monopoly power.

The Federal Trade Commission (FTC) said Amazon uses "a set of interlocking anticompetitive and unfair strategies" to push up prices and stifle competition.


If the legal action is successful, Amazon may have to pay hundreds of million of dollars in fines. Jeff Bezos probably won't go to jail though!


Meanwhile, Google is also in a similar situation.


Read more here:

https://www.bbc.co.uk/news/business-66920137

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