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Amazon.com Inc was on Tuesday hit with an antitrust suit from the US capital city Washington, which said the tech giant abuses its dominant position in online retail sales, harming consumers.
The suit filed by the office of District of Columbia Attorney General Karl Racine says that Amazon’s control of 50 to 70 percent of US e-commerce sales allegedly results in higher consumer prices.
“Amazon’s online retail sales platform benefits from, and is protected by, Amazon’s anticompetitive business practices,” the suit filed in the District of Columbia Superior Court says. “Far from enabling consumers to obtain the best products at the lowest
An antitrust complaint filed by the District of Columbia’s attorney general claims the retail giant’s online marketplace puts restrictions on sellers that drive up consumer prices.
Amazon tractor trailers line up outside the Amazon Fulfillment Center in the Staten Island borough of New York last year. (AP Photo/Mark Lennihan)
WASHINGTON (CN) Online retailer Amazon has crushed its competition by instituting a policy that can remove sellers from the platform if they offer products for less on another website, according to a complaint filed by the attorney general of the nation’s capital.
The antitrust suit filed Tuesday in the District of Columbia Superior Court claims that until 2019, business owners were required to sign an agreement with Amazon that forbade third-party sellers from selling goods on another platform at a lower price. After facing government scrutiny, the complaint states this price parity contract provision was later replaced with an “effectively-ident
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