Post by account_disabled on Feb 18, 2024 11:37:26 GMT
It is one of the technology companies with the most presence worldwide. However, Amazon, about to celebrate 30 years since its first sale, faces a complex accusation. According to the Federal Trade Commission (FTC), the platform illegally maintains monopoly power. This is what US regulators and company defense allege. The FTC notes that Amazon uses “a set of interlocking anticompetitive and unfair strategies.” The regulator attributes these behaviors to the purpose of raising prices and stifling competition. In this regard, Amazon said that the lawsuit was “factually and legally incorrect.
Likewise, they said they would present the case in court. Why is Amazon accused of being an illegal monopoly? The head of the FTC has been building a thesis around Amazon and its sales format. Around 2017, the executive published a major academic paper arguing that the online retailer had escaped anti-competitive scrutiny. “With its missionary zeal for Phone Number List consumers, Amazon has moved toward monopoly,” she said at the time. READ ALSO Sponsorship market: Alianza Lima volleyball and women's soccer teams change their main sponsor and sign with Apuesta Total More than 10 thousand businesses close on the Peru – Ecuador border, how does it affect consumers? Microsoft surpasses Apple as the most valuable company in the world LOAD MORE The FTC, along with 17 state prosecutors, claims that.
Amazon is a “monopolist” that prevents rivals and sellers from lowering prices. It is also alleged that the internet giant's actions “degrade quality for buyers.” On the other hand, they are accused of “overcharging sellers, stifling innovation, and preventing rivals from competing fairly against Amazon.” However, Amazon says that if the FTC's “misguided” lawsuit is successful, it would mean fewer products to choose from. As well as higher prices and slower deliveries for consumers. The key part of the case involves consumers losing money by getting worse deals due to the alleged monopoly. What remains is for prosecutors to show that companies acted in a way that financially harms consumers. In the case of Big Tech , the task is more complex. Because? Many of its services are free, such as Google's search engine or Meta's Instagram.
Likewise, they said they would present the case in court. Why is Amazon accused of being an illegal monopoly? The head of the FTC has been building a thesis around Amazon and its sales format. Around 2017, the executive published a major academic paper arguing that the online retailer had escaped anti-competitive scrutiny. “With its missionary zeal for Phone Number List consumers, Amazon has moved toward monopoly,” she said at the time. READ ALSO Sponsorship market: Alianza Lima volleyball and women's soccer teams change their main sponsor and sign with Apuesta Total More than 10 thousand businesses close on the Peru – Ecuador border, how does it affect consumers? Microsoft surpasses Apple as the most valuable company in the world LOAD MORE The FTC, along with 17 state prosecutors, claims that.
Amazon is a “monopolist” that prevents rivals and sellers from lowering prices. It is also alleged that the internet giant's actions “degrade quality for buyers.” On the other hand, they are accused of “overcharging sellers, stifling innovation, and preventing rivals from competing fairly against Amazon.” However, Amazon says that if the FTC's “misguided” lawsuit is successful, it would mean fewer products to choose from. As well as higher prices and slower deliveries for consumers. The key part of the case involves consumers losing money by getting worse deals due to the alleged monopoly. What remains is for prosecutors to show that companies acted in a way that financially harms consumers. In the case of Big Tech , the task is more complex. Because? Many of its services are free, such as Google's search engine or Meta's Instagram.