Summary: The Federal Trade Commission (FTC) has recently brought four cases against Amazon, with support from state attorneys general. The FTC’s antitrust lawsuit alleges that Amazon uses monopolistic practices to control prices and stifle competition. Amazon argues that its practices have benefited consumers by offering greater selection and lower prices. In addition to the FTC’s cases, the attorneys general of California and Washington, D.C. have independently sued Amazon for anticompetitive practices.
FTC vs. Amazon’s marketplace
In the FTC’s antitrust lawsuit, it is alleged that Amazon uses monopolistic practices to control prices and prevent competition. The lawsuit focuses on Amazon’s influence over price, product selection, quality, and its ability to prevent rivals from attracting shoppers and sellers.
FTC vs. Ring
Amazon’s security camera company, Ring, settled with the FTC for $5.8 million over allegations of employees spying on users’ stored videos. The FTC complaint stated that Ring had few limits on which videos were accessible to employees and contractors, leading to unauthorized spying on customers.
Note: The remaining two cases brought by the FTC against Amazon are not mentioned in the provided text.