Amazon to be broken up? FTC's Lina Khan to reportedly file landmark antitrust lawsuit [View all]

[BeckyDem]

Pranav Dixit
Updated Jul 27, 2023, 10:38 AM IST

The Lina Khan-led Federal Trade Commission (FTC) in the United States is reportedly in the final stages of preparing a substantial antitrust lawsuit against Amazon, a move that could potentially lead to the dismantling of certain parts of the e-commerce giant.

Sources close to the matter, as reported by Politico, indicate that the lawsuit is expected to be filed as early as August and is likely to address a wide range of Amazon's business practices that have raised concerns about anti-competitive behaviour.


The scope of the lawsuit may have far-reaching consequences, potentially resulting in a court-ordered restructuring of Amazon's massive $1.3 trillion empire. The FTC has been conducting a lengthy investigation into Amazon, focusing on various potential claims, including allegations similar to existing cases where the company has been accused of imposing rules that require third-party retailers to offer their lowest prices exclusively on Amazon's platform.

Among the primary areas of focus for the forthcoming lawsuit are Amazon Prime and the practices that the FTC considers to be detrimental to fair competition. One major concern is that the bundled services offered through Amazon Prime are being exploited to illegally solidify the company's market power.

https://www.businesstoday.in/technology/news/story/amazon-to-be-broken-up-ftcs-lina-khan-to-reportedly-file-landmark-antitrust-lawsuit-391445-2023-07-27



( Love to Lina!! )