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Amazon hit with antitrust lawsuit after DC AG says TTFN to price fixing


It started out as an innocent book store and now it s Barnes & Ignoble
Katyanna Quach
Tue 25 May 2021 // 23:04 UTC
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The District of Columbia filed an antitrust lawsuit against Amazon on Tuesday, claiming the internet goliath is illegally abusing its power to manipulate online retail prices and screw over merchants.
In his court filing, Washington DC’s Attorney General Karl Racine slammed [PDF] Amazon for insisting that businesses that set up shop in its marketplace cannot peddle their products for a lower price on their own websites nor any other retail site like eBay or Walmart. Under Amazon’s Fair Pricing Policy, vendors can be fined or banned from selling their goods on the platform if they break these rules, and vendors are also required to pay Amazon fees and extra charges that can rack up to 40 per cent of the price tag of listed products. ....

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