Amazon is facing its first set of antitrust charges from the U.S. federal government after the Federal Trade Commission filed its long-anticipated lawsuit against the e-commerce and cloud giant. The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, “Amazon’s Antitrust Paradox.” It’s also the culmination of several years of pressure on federal enforcers to deal with what some competitors, sellers and lawmakers have seen as anticompetitive practices. Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images
The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon.
In a sweeping complaint filed in federal court in Seattle Tuesday, the FTC and attorneys general from 17 states accused Amazon of wielding its “monopoly power” to inflate prices, degrade quality for shoppers and unlawfully exclude rivals, thereby undermining competition. The FTC didn’t specify potential remedies such as