The FTC and 17 state attorneys general have filed an antitrust case against Amazon, alleging the company has used its market power to maintain higher prices and harm customers and rivals. FTC Chair Lina Khan noted the immediate harm of Amazon's alleged anti-competitive practices, and the lawsuit seeks to hold the company accountable and restore the competitive conditions that existed before its conduct. This case is the latest in a series of antitrust actions taken against tech giants and could have far-reaching implications for the industry.
Posts tagged as “Lina Khan”
The Federal Trade Commission has filed a lawsuit against Amazon, accusing the online retailer of using deceptive tactics to enroll consumers into its Prime program without their knowledge and making it difficult for them to cancel their subscription. FTC Chair Lina Khan said Amazon has been "tricking and trapping people into recurring subscriptions without their consent," and the FTC is seeking a court order to stop Amazon from using deceptive tactics and to provide refunds to those affected.