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FTC accuses that Amazon’s ongoing pattern of illegal conduct blocks competition, allowing it to wield monopoly power to inflate prices, degrade quality, and stifle innovation for consumers and businesses.
17 states filed a lawsuit against one of the richest firms in the world on Tuesday, according to the US Federal Trade Commission. By restricting competition, Amazon is alleged to be hurting customers. accusing the online store is injuring customers by charging more. This is the most recent legal step the U.S. government has taken to challenge big tech’s hegemony over the internet. The case was filed in response to years of allegations that computer behemoths like Amazon and others were using their control over social media, online retail, and search to control access to the most lucrative parts of the internet.
In a significant setback for the US retail behemoth, the European Commission on Tuesday accused Amazon of violating antitrust laws. The EU announced on Tuesday the preliminary findings of its investigation against the firm, which it had begun in July, and claimed to have informed Amazon of its findings.
The Federal Trade Commission and 17 states launched a broad antitrust case against Amazon on Tuesday, but its specifics are still unknown since so much of it is hidden from the public. We discuss the importance of this action, which was filed only two weeks after the start of a historic antitrust trial against Google, with David Dayen, author of Monopolized: Life in the Age of Corporate Power. After approximately 40 years of inactivity, there is “all this activity in the antitrust space,” according to Dayen, who claims that FTC Chair Lina Khan is leading the effort. The Biden administration has put in place a muscular team of antitrust enforcers, and Khan truly halted this alarming trend of the last 40 days.
Overall, Americans would do poorer as a result. James Czerniawski, an analyst with Americans for Prosperity, discusses why he thinks it would be detrimental to consumers.
India reportedly requested that Canada remove some of its ambassadors. Canada currently has 62 diplomats in India, and New Delhi has asked the number to be reduced by 41. The move comes over the diplomatic crisis after the killing of Khalistani terrorist Hardeep Singh Nijjar. Earlier, Canadian PM Justin Trudeau accused India of being involved in Nijjar’s killing. Indian External Affairs Minister Jaishankar says Canada has become a haven for terrorists.
An individual with knowledge of the situation stated on Tuesday that India has ordered Canada to withdraw 41 of its 62 diplomats currently stationed there, escalating tensions between the two nations over Canadian accusations that India may have been involved in the killing of a Sikh separatist leader in suburban Vancouver.
In a new lawsuit, the Federal Trade Commission claims that Amazon makes it too easy for children to make purchases in mobile applications without their parents’ permission. (Amazon’s founder and CEO, Jeffrey P. Bezos, is also the owner of The Washington Post.) The government’s Amazon lawsuit explained Amazon’s brand is built on helping shoppers get … Read more