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| Government Corruption |
| US trade commission files anti-trust lawsuit against online retailer Amazon |
| 2023-09-27 |
| [Aljazeera] The United States Federal Trade Commission (FTC) has filed a long-anticipated anti-trust lawsuit against online retailer Amazon, accusing the company of harming consumers by stifling competition. The lawsuit, which was joined by 17 state attorneys general and filed in Amazon’s home state of Washington, follows a four-year investigation. "The FTC and its state partners say Amazon’s actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing against Amazon," the FTC said in a statement on Tuesday. In laying out its charges, the FTC alleged that Amazon had engaged in unfair tactics to "illegally maintain its monopoly power" over the industry of online retail. For example, the agency accused Amazon of punishing sellers who offer lower prices elsewhere, burying them "so far down" the website’s search results "that they become effectively invisible". The FTC also said Amazon forces sellers to use its warehouses and delivery services, inflating costs for both consumers and sellers. Related: Federal Trade Commission: 2023-09-08 Kroger, Albertsons plan to sell over 400 stores to C&S Wholesale for nearly $2 billion: Report Federal Trade Commission: 2023-07-19 Biden’s FTC Punished Twitter For Seceding From The Censorship Complex Federal Trade Commission: 2023-06-24 Biden's FTC chairwoman again goes after Amazon, the company that made her famous Related: Amazon: 2023-09-08 The household appliances spying on YOU: How doorbells, smart speakers, TVs and washing machines capture and share private data with firms such as Google and TikTok - so which are worst offenders? Amazon: 2023-09-06 NYT op-ed: Hebrew symbolizes 'far-right Israeli militarism' Amazon: 2023-08-18 Pro-Palestinian protest at Brazilian college campus turns violent |
| Posted by:Besoeker |
| #3 Skipped right over hints and allegations to dropping news on NPR. Who I am sure was absolutely fair: MARTIN: NPR's Alina Selyukh is with us now to tell us more. She has a monopoly on this story. Sorry, I had to do it. ALINA SELYUKH, BYLINE: Here I am (laughter). Snarf! Snarf! Snarf! Snarf! |
| Posted by: swksvolFF 2023-09-27 18:04 |
| #2 Bezos has been criticizing Biden lately. |
| Posted by: Deacon Blues 2023-09-27 11:59 |
| #1 ....stifling competition. You mean like Henry Ford's automotive production line and the Model-T ? Market SummaryAmazon.com, Inc. 125.98 USD −5.29 (4.03%) yesterday Now watch pols and the monied aristocracy buy on the dip. Yes, Government Market Manipulation-101 via the courts. |
| Posted by: Besoeker 2023-09-27 07:13 |