US FTC likely to file big lawsuit against Amazon
E-commerce giant reportedly fails to offer concessions to the FTC in pursuit of a settlement over antitrust claims
image for illustrative purpose
San Francisco The Lina Khan-led Federal Trade Commission (FTC) in the US is likely to file its massive lawsuit against Amazon later this month, as the e-commerce giant reportedly failed to offer concessions to the FTC in pursuit of a settlement over antitrust claims.
The lawsuit will touch upon various aspects of Amazon’s business, while also suggesting “structural remedies” that could potentially break up the tech giant, reports the Wall Street Journal, citing sources.
“E-commerce giant’s lawyers offered no concessions in talks with agency officials last month,” the report mentioned.
The meeting was “a chance for the technology giant to make its case to the regulator to head off a possible lawsuit that officials have been working on for many months”.
The commission has been examining Amazon practices, including whether it favours its own products over competitors’ on its platforms and how it treats outside sellers on Amazon.com.
“The lawsuit will target a number of Amazon’s business practices, such as its Fulfillment by Amazon logistics programme and pricing on Amazon.com by third-party sellers,” the report said, citing people aware of the matter.
