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Amazon Is Exploiting Monopoly Power, FTC Chief Says
Posted
September 27, 2023
Views
7,971
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252
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September 27, 2023
7,971
252
14
3.34%
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0:35Now PlayingFederal 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.”
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