FBC The July 3, 2024
Exactly three hours ago the tech and ecommerce giant got hit with a new lawsuit from the federal trade commission and 17 state attorneys general. They are accusing amazon of using its market power to inflate prices, overcharge third theparty sellers and for using strong arm tack tactics to maintain its monopoly. The suit comes after a 4year probe into alleged monopolistic moves by amazon. So its actually affecting the Broader Market here. The stock is driving the nasdaq 100 lower. Right now we have got the nasdaq down about 209 points or 1. 5 . It is among the worst performers on the index. Si...
Source: archive.org