• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

USA Hockey Hit With New Transgender Athlete Allegations By US Senate Committee

June 3, 2026

Dear Microsoft Stock Fans, Mark Your Calendars for June 2

June 3, 2026

Trump-backed Rep. Randy Feenstra loses Iowa governor primary

June 3, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Wednesday, June 3
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Trump-backed Rep. Randy Feenstra loses Iowa governor primary

    June 3, 2026

    Congress Discreetly Moves To Merge US Military Even Closer To Israel’s

    June 3, 2026

    Democrats To Force Vote To Kill Trump’s Slush Fund And Immunity Scheme

    June 3, 2026

    Democrats seek more control over referenda in New York

    June 2, 2026

    Todd Blanche Says Trump Administration Is Ditching Weaponization Fund

    June 2, 2026
  • Health

    The Uncomfortable Truth MAHA Is Exposing About US Healthcare

    June 3, 2026

    How Decision Fatigue Affects Financial Decisions

    June 3, 2026

    The Current Ebola Outbreak Is A Global Threat. A Doctor Explains

    June 3, 2026

    Targeted Drug Shrinks Tumors In Hard-To-Treat Cancer

    June 2, 2026

    She Wasn’t Due For Her Colonoscopy. A Blood Test Found Cancer Anyway

    June 2, 2026
  • World

    Anti-ICE Radicals Plot to Disrupt Turning Point Women’s Summit in San Antonio Following Bomb Threat Arrest

    June 3, 2026

    Scott Pelley Rips CBS Heads In Staff Meeting After ‘60 Minutes’ Firings: Reports

    June 3, 2026

    Seven in Ten Believe Crime Is ‘Out of Control’,

    June 3, 2026

    Tina Peters Gets Out Of Jail, Immediately Returns To The Big Lie That Landed Her There

    June 3, 2026

    Ex-Scottish Leader Denies Blame After Husband Pleads Guilty

    June 3, 2026
  • Business

    Patagonia Begs Drag Queen Influencer To Stop Allegedly Using Their Logo

    June 3, 2026

    First Quarter GDP Revised Downward As Voters Fret Over Economy

    May 28, 2026

    Cash Drain On Americans’ Savings Accounts Nears Great Recession Levels

    May 28, 2026

    US Voters’ Confidence In Economy Nosedives To Nearly 4-Year Low

    May 22, 2026

    Elon Musk On Track To Be World’s First Trillionaire After Latest Move

    May 21, 2026
  • Finance

    Dear Microsoft Stock Fans, Mark Your Calendars for June 2

    June 3, 2026

    Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

    June 3, 2026

    Ballard Power (BLDP) Posts Revenue Growth and Third Straight Positive Gross Margin Quarter

    June 3, 2026

    Bass and Pratt will advance in L.A. mayoral race, traders say

    June 2, 2026

    Best Wells Fargo credit cards for June 2026

    June 2, 2026
  • Tech

    Five Action Items on AI to Start Right Now

    June 3, 2026

    Disney Employees Reportedly Disturbed by Senior Executive’s Relationship with AI Chatbot: ‘You Are My Son’

    June 3, 2026

    Trump Signs Executive Order Asking for Oversight of New AI Models

    June 3, 2026

    Meta’s Support Chatbot Helped Hijack High-Profile Instagram Accounts Including Obama White House

    June 2, 2026

    Luddites Weep as Scorsese and Spielberg Embrace AI

    June 2, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»World»Amazon Sued By FTC, 17 States For Allegedly Inflating Prices, Overcharging Sellers
World

Amazon Sued By FTC, 17 States For Allegedly Inflating Prices, Overcharging Sellers

September 26, 2023No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Amazon Sued By FTC, 17 States For Allegedly Inflating Prices, Overcharging Sellers
Share
Facebook Twitter LinkedIn Pinterest Email

Amazon is being sued by U.S. regulators and and 17 states over allegations that the company abuses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition.

The lawsuit, filed Tuesday in U.S. District Court for the Western District of Washington, is the result of a years-long investigation into Amazon’s businesses and one of the most significant legal challenges brought against the company in its nearly 30-year history.

According to a news release sent by the agency, the Federal Trade Commission and states that joined the lawsuit are asking the court to issue a permanent injunction court that they say would prohibit Amazon from engaging in its unlawful conduct and loosen its “monopolistic control to restore competition.”

They allege the company engages in anti-competitive practices through anti-discounting measures that deter sellers from offering lower prices for products on non-Amazon sites, mirroring allegations made in a separate lawsuit last year by the state of California. The complaint says Amazon can bury listings that are offered at lower prices on other sites.

The complaint also says the company degrades the customer experience by replacing relevant search results with paid advertisements, biasing its own brands over other products it knows to be of a better quality and charging heavy fees that forces sellers to pay nearly half of their total revenues to Amazon.

“The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens of millions of American families who shop on its platform and the hundreds of thousands of businesses that rely on Amazon to reach them,” FTC Chairman Lina Khan said in a prepared statement.

See also  Vladimir Putin Meets UAE President, Hails Ties

Many had wondered whether the agency would seek to a forced break-up of the retail giant, which is also dominant in cloud computing and has a growing presence in other sectors like groceries and health care. In a briefing with reporters, Khan dodged questions of whether that will happen.

“At this stage, the focus is more on liability,” she said.

Some estimates show Amazon controls about 40% of the e-commerce market. A majority of the sales on its platform are facilitated by independent sellers consisting of small and medium-sized businesses and individuals. In return for the access it provides to its platform, Amazon rakes in billions through referral fees and other services like advertising, which makes products sold by sellers more visible on the platform.

The vast majority of third-party merchants also use the company’s fulfillment service to store inventory and ship items to customers. Amazon has been consistently raising fees for those reliant on the program and more recently imposed – and then abandoned- another fee on some who don’t, a move that was blasted by the company’s critics.

Last quarter, Amazon reported $32.3 billion in revenue from third-party services. According to the anti-monopoly organization Institute for Local Self-Reliance, the fees cost U.S. sellers 45% of their revenue in the first half of this year – up from 35% in 2020 and 19% in 2014.

Amazon has also long faced allegations of undercutting businesses that sell on its platform by assessing merchant data and creating its own competing product that it then boosts on the site. In August, the company said it was eliminating some in-house brands that weren’t resonating with customers and would relaunch some items under existing brands like Amazon Basics and Amazon Essentials. Booksellers and authors have also been urging the Department of Justice to investigate what they’ve called Amazon’s “monopoly power over the market for books and ideas.”

See also  Trump Inflated Net Worth By More Than $2 Billion, New York Attorney General Alleges

Amazon did not immediately respond to a request for comment Tuesday.

If successful, a court case could be a big boost for the FTC’s Khan, a Big Tech critic who gained prominence as a Yale law student in 2017 for her scholarly work “Amazon’s Antitrust Paradox.” In 2021, Amazon had sought to get her recused from agency probes against the company because of her earlier criticism.

Under Khan’s watch, the FTC has aggressively attempted to blunt Big Tech’s influence but has been unsuccessful recently in some of the most high-profile cases, including its bid to block Microsoft’s takeover of the video game maker Activision Blizzard and Meta’s acquisition of the virtual reality startup Within Unlimited. The agency is currently in the middle of a protracted lawsuit against Facebook parent Meta, which it alleges to have engaged in monopolistic behavior. The Justice Department is also challenging Google’s market power in court.

Some of the agency’s allegations in the Amazon case mirrors those made in a separate lawsuit last year by the state of California. A similar case filed by the District of Columbia was thrown out by a federal judge earlier last year and is currently under appeal.

The federal complaint follows other actions the FTC has taken against Amazon in the past few months. In June, the agency sued the company, alleging it was using deceptive practices to enroll consumers into Amazon Prime and making it challenging for them to cancel their subscriptions. Amazon disputes the allegations.

In late May, the company agreed to pay a $25 million civil penalty to settle allegations that it violated a child privacy law and misled parents about data deletion practices on its popular voice assistant Alexa.

See also  Russian Authorities Recover 10 Bodies, Flight Recorders From Wagner Crash
Allegedly Amazon FTC Inflating Overcharging Prices Sellers states Sued
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Anti-ICE Radicals Plot to Disrupt Turning Point Women’s Summit in San Antonio Following Bomb Threat Arrest

June 3, 2026

Scott Pelley Rips CBS Heads In Staff Meeting After ‘60 Minutes’ Firings: Reports

June 3, 2026

Seven in Ten Believe Crime Is ‘Out of Control’,

June 3, 2026

Tina Peters Gets Out Of Jail, Immediately Returns To The Big Lie That Landed Her There

June 3, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

India-US Strategic Partnership Has Never Been More Dynamic: Antony Blinken

September 14, 2023

Jason Aldean Sparks Controversy for His Take on Leftist Violence and Lawlessness in the Musical Warning ‘Try That In a Small Town’

July 20, 2023

Trump raised $2 million hours after arraignment

June 14, 2023

12 Best Lip Balm for Dry Lips, According to Derms 2024

January 25, 2024
Don't Miss

USA Hockey Hit With New Transgender Athlete Allegations By US Senate Committee

Sports June 3, 2026

It has been alleged by the U.S. Senate Committee on Commerce, Science and Transportation that…

Dear Microsoft Stock Fans, Mark Your Calendars for June 2

June 3, 2026

Trump-backed Rep. Randy Feenstra loses Iowa governor primary

June 3, 2026

Fans Boo, Walk Out on Black Crowes Mid-Concert After Singer Chris Robinson Mocks Florida Crowd’s ‘USA’ Chant

June 3, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,372)
  • Entertainment (4,862)
  • Finance (3,630)
  • Health (2,187)
  • Lifestyle (1,890)
  • Politics (3,426)
  • Sports (4,374)
  • Tech (2,203)
  • Uncategorized (4)
  • World (4,700)
Our Picks

Low-flavanol diet drives age-related memory loss, large study finds

May 30, 2023

Critics say Skittles will get the ‘Bud Light treatment’ over pro-transgender message on packaging

August 12, 2023

Opening Day Gives Yankees Plenty of Reason to Dream

March 31, 2023
Popular Posts

USA Hockey Hit With New Transgender Athlete Allegations By US Senate Committee

June 3, 2026

Dear Microsoft Stock Fans, Mark Your Calendars for June 2

June 3, 2026

Trump-backed Rep. Randy Feenstra loses Iowa governor primary

June 3, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.