Wednesday, May 26, 2021

Amazon in Anti-trust Case: DC Attorney General Charges Price Fixing

Amazon is being sued by the DC Attorney General in a first US anti-trust case against the company. The charge alleges company practices caused higher prices for consumers and reduced innovation. The AG argues that Amazon's monopoly power was established in pricing agreements with third party resellers. Currently no other states have joined this suit but these types of anti-trust cases can go on for years. Amazon shares actually finished up on the day. (via @garyprice)
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Read the charges here

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