News Post

Amazon wins partial dismissal of US antitrust lawsuit

Economic Times · 28d

- Amazon.com Inc has won partial dismissal of a lawsuit by the U.S. Federal Trade Commission (FTC) accusing it of maintaining illegal monopolies - The ruling by a federal court in Seattle on Monday granted partial dismissal, but details of the ruling were not immediately clear - The FTC accuses Amazon of using anti-competitive tactics to maintain dominance among online superstores and marketplaces - Amazon had requested the dismissal, arguing that the FTC had provided no evidence of harm to consumers - Last year, the FTC alleged that Amazon used an algorithm that increased prices paid by U.S. households by over $1 billion, but Amazon claims to have stopped using it in 2019 - The FTC will be allowed to continue pursuing any claims that were not permanently dismissed - The case will be tried in two parts, with the judge rejecting Amazon's request to combine evidence of violations and proposed remedies in the same trial - The case is one of five major antitrust lawsuits against Big Tech companies, including Facebook, Apple, and Google - The FTC Chair, Lina Khan, has been long vocal about challenging the power of Amazon and has previously written about antitrust concerns regarding the company's structure and practices.