The Wall Street Journal

FTC sues Amazon, alleging online marketplace monopoly

FTC sues Amazon, alleging online marketplace monopoly
Amazon says the lawsuit filed by the FTC is ‘wrong on the facts and the law...' (Image: Getty)
The Wall Street Journal
By Dave MichaelsThe United States Federal Trade Commission and 17 states have sued Amazon, alleging the online retailer illegally wields monopoly power that keeps prices artificially high, locks sellers into its platform and harms its rivals. The FTC’s lawsuit, filed in Seattle federal court on Tuesday (US time), marks a milestone in the Biden administration’s aggressive approach to enforcing antitrust laws and has been anticipated for months. The agency’s chair, Lina Khan, is a longtime critic of Amazon who wrote in the Yale...

More World

Controversial pipeline reveals state of global fight over oil
Energy

Controversial pipeline reveals state of global fight over oil

What are the consequences of leaving an African nation’s oil in the ground?

'Quite sad': Renters turn to lottery in Spain's housing crisis
World

'Quite sad': Renters turn to lottery in Spain's housing crisis

44,000 applicants for Madrid apartments, only 64 winners.

US judge orders reinstatement of thousands of fired workers
World

US judge orders reinstatement of thousands of fired workers

Decision affects probationary staff at six federal agencies.

CEO's don't plan to question Trump, unless market crashes
World

CEO's don't plan to question Trump, unless market crashes

44% of business leaders said the market would have to fall 20% before they speak out.