YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Amazon.com Inc. won partial dismissal of a U.S. Federal Trade Commission lawsuit accusing it of maintaining illegal monopolies, though the details of the ruling by a federal court in Seattle on Monday were not immediately clear.
The FTC has accused the online retailer of using anti-competitive tactics to maintain dominance among online superstores and marketplaces. Amazon asked U.S. District Judge John Chun to dismiss the case in December, saying the FTC had raised no evidence of harm to consumers.
Last year, the FTC alleged Amazon.com, which has 1 billion items in its online superstore, was using an algorithm that pushed up prices U.S. households paid by more than $1 billion. Amazon has said in court papers it stopped using the program in 2019.
Read more from Reuters.
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