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There is a match between Jeff Bezos and Lina Khan
The US’ Federal Trade Commission (FTC) and state attorneys-general on Monday filed a lawsuit against Amazon to stop the company from abusing its dominant market position. The lawsuit seeks a permanent injunction against Amazon’s anti-competitive practices, saying that the e-commerce giant deprives third-party sellers of the ability to sell on the platform. Amazon has a…
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This is a big tech’s real cage match, between Jeff Bezos and Lina Khan
The Federal Trade Commission (FTC) on Tuesday sued Amazon alleging the e-commerce giant abused its dominant market position. The FTC said that Amazon “brutalised” rivals by charging excessive prices, restricting choices and “making it virtually impossible for third parties to compete”. It further alleged that Amazon “exploited its dominant market position to suppress competition”.
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It is the best price ever, at Target and Best Buy.
Amazon is offering discounts on some of its products, including a Bluetooth speaker with a built-in mic and stereo speakers, on Prime Day. It’s the world’s largest e-commerce platform with more than 90 million registered users. The company has also reduced prices on some devices, including a Samsung smartphone with a 12-hour battery life and…