Amazon Is Exploiting Monopoly Power, FTC Chief Says
September 27, 2023
7,971
252
14
3.34%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bloomberg News Episodes Around September 27, 2023
See what was published immediately before and after this episode.
0:35Now PlayingAmazon Is Exploiting Monopoly Power, FTC Chief Says
YouTube Description
as posted by the channelFederal Trade Commission Chair Lina Khan stopped short of explicitly calling for a breakup of Amazon.com Inc., but said that her agency would ask a judge to halt the company’s “illegal conduct” if its antitrust suit succeeds.
In her first public comments after the FTC filed a lawsuit accusing Amazon of monopolizing online marketplace services, Khan said businesses that want to sell their goods online were effectively forced to pay Amazon’s rates, including for advertising and logistics services.
“At the very least, any relief would require that the company halt those tactics,” Khan said at Bloomberg’s Washington office on Tuesday. “Effective relief also needs to be restoring competition to this market, which we’ll be asking the judge to do as well.”
--------
Subscribe to our YouTube channel
Subscribe to Bloomberg Originals
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
Breaking News on YouTube
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.