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US judge sets October 2026 trial for FTC antitrust suit against Amazon
Economic Times
·
1y ago
Medial
A US federal judge has scheduled an October 2026 trial date for the Federal Trade Commission's (FTC) antitrust lawsuit against Amazon. The lawsuit, filed in September, accuses Amazon of operating an illegal monopoly and hindering sellers from offering products at lower prices on other platforms. The FTC is seeking a permanent injunction to cease Amazon's alleged unlawful conduct. Amazon had requested dismissal of the suit, asserting that the FTC misunderstood common retail practices. The FTC claims that Amazon used undisclosed strategies, including a pricing algorithm called "Project Nessie," which allegedly raised prices by over $1 billion for US households.
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Amazon wins partial dismissal of US antitrust lawsuit
Economic Times
·
10m ago
Medial
- 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.
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Meta will face antitrust trial over Instagram, WhatsApp acquisitions
Economic Times
·
8m ago
Medial
Judge in Washington ruled that Meta Platforms, formerly known as Facebook, must face trial in a Federal Trade Commission (FTC) lawsuit seeking its breakup. The FTC alleged that Meta illegally acquired Instagram and WhatsApp to eliminate competition in the social media industry. Meta argued that the case had an overly narrow view of social media markets and failed to consider competition from platforms such as TikTok, YouTube, X, and LinkedIn. This lawsuit is one of five major antitrust cases targeting Big Tech, including Amazon, Apple, and Google.
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Meta asks judge to rule that FTC failed to prove its monopoly case
Economic Times
·
2m ago
Medial
Meta Platforms has requested a federal judge to dismiss the FTC's allegation of an illegal social media monopoly, stating the agency failed to substantiate its case during the ongoing antitrust trial in Washington. The FTC claims Meta, formerly Facebook, used acquisitions of Instagram and WhatsApp to stifle competition. Meta argues the FTC hasn't proven this, presenting evidence that these platforms didn't hinder competition. If the judge agrees, it could expedite the case's resolution.
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Amazon’s All-Powerful ‘Buy Box’ Is at the Heart of Its New Antitrust Troubles
Wired
·
1y ago
Medial
The US Federal Trade Commission (FTC) has filed an antitrust case against Amazon, alleging that the company illegally monopolizes online shopping. The case revolves around Amazon's Buy Box feature, which the FTC claims is used as an anticompetitive weapon. The Buy Box allows Amazon to manipulate consumers and punish sellers offering lower-priced goods elsewhere. The FTC argues that winning or losing the Buy Box can have a significant impact on a seller's business, and Amazon allegedly rigs the contest in its favor. The government is seeking a federal court injunction to change how Amazon operates its store.
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Amazon drops planned merchant fee as FTC lawsuit looms
Economic Times
·
1y ago
Medial
Amazon has decided to cancel its plan to impose a 2% fee on third-party sellers who ship their products themselves, which was set to take effect on October 1. The company made this decision after facing backlash and considering the potential impact on seller sentiment. Amazon had initially introduced the fee to offset its rising costs but has now reversed its course amid growing antitrust scrutiny. The move comes as the U.S. Federal Trade Commission (FTC) is expected to file a lawsuit against Amazon later this month over alleged antitrust violations.
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The 2006 Zuckerberg quote at the center of Meta's antitrust trial
Economic Times
·
3m ago
Medial
In the landmark antitrust trial against Meta, formerly Facebook, a pivotal question is whether social media is about real connections or broader interactions. The trial challenges Meta's dominance, scrutinizing its acquisitions of Instagram and WhatsApp for stifling competition. While Meta argues they compete with all social media, the FTC asserts it's only platforms connecting friends. Defining Meta's place in the social media landscape will significantly impact future tech market dynamics and antitrust enforcement.
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Mark Zuckerberg offered $1 billion to settle FTC antitrust case
Economic Times
·
3m ago
Medial
Mark Zuckerberg reportedly offered up to $1 billion to settle an antitrust case with the US Federal Trade Commission (FTC), which alleges Meta's acquisitions of Instagram and WhatsApp were anti-competitive. The FTC rejected the offer, demanding at least $18 billion and seeking to dismantle Meta's monopoly. Former FTC Chair Lina Khan criticized the settlement offer as inadequate. Despite the negotiations, the trial commenced, marking a critical moment for Meta amidst significant legal challenges.
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Mark Zuckerberg takes stand to defend Meta against antitrust suit
Economic Times
·
3m ago
Medial
Mark Zuckerberg appeared in court to defend Meta in an antitrust trial aiming to potentially dismantle the company. The Federal Trade Commission (FTC) claims Meta created a social media monopoly with acquisitions of Instagram and WhatsApp, using a "buy-or-bury" strategy against competitors. Zuckerberg argued Meta still faces competition from platforms like TikTok. A successful FTC case may force Meta to divest its acquisitions, significantly impacting its business operations and altering Silicon Valley merger practices.
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Epic Games proposes Google app store reforms after antitrust win
Economic Times
·
1y ago
Medial
Epic Games has asked a judge to require Google to make modifications to its Play Store after accusing the tech giant of abusing its power over Android mobile apps. The request was made following an antitrust trial last year, which ended with a jury ruling against Google. Epic Games has submitted its proposal to U.S. District Judge James Donato in San Francisco.
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Amazon defends Prime programme in bid to defeat FTC lawsuit
Economic Times
·
1y ago
Medial
Amazon is seeking the dismissal of a Federal Trade Commission (FTC) lawsuit that accuses the company of deceiving consumers and making it difficult for them to cancel subscriptions to its Prime service. The ecommerce giant argues that it clearly disclosed the terms to Prime customers and accuses the FTC of using "undefined concepts" to punish the company. The FTC lawsuit is part of the US government's increased regulatory scrutiny of major tech companies. A trial in the case is set for February 2025.
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