The agency is seeking a permanent injunction to 'pry loose Amazon’s monopolistic control to restore competition.'
On Tuesday, the FTC and the attorneys general filed the historic lawsuit, which accuses the e-commerce giant of using “interlocking anticompetitive and unfair strategies” to maintain an illegal monopoly. The landmark 172- page
and marks one of the most significant legal challenges to the company since its founding three decades ago.“We’re bringing this case because Amazon’s illegal conduct has stifled competition across a huge swath of the online economy,” FTC Bureau of Competition Deputy Director John Newman said in a statement. “Amazon is a monopolist that uses its power to hike prices on American shoppers and charge sky-high fees on hundreds of thousands of online sellers.
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