US urges court to consider Amazon.com asset sales for breaking antitrust law
www.reuters.com
The U.S. Federal Trade Commission filed a long awaited antitrust lawsuit against Amazon.com on Tuesday, and asked the court to consider forcing the online retailer to sell assets to stop what it said was ongoing harm to consumers.
  • AutoTL;DRBEnglish
    3•1 year ago

    This is the best summary I could come up with:

    WASHINGTON, Sept 26 (Reuters) - The U.S. Federal Trade Commission filed a long awaited antitrust lawsuit against Amazon.com on Tuesday, and asked the court to consider forcing the online retailer to sell assets to stop what it said was ongoing harm to consumers.

    The lawsuit had been expected after years of complaints that Amazon.com and other tech giants abused their dominance of search, social media and online retailing to become gate keepers on the most lucrative aspects of the internet.

    Structural relief in antitrust jargon generally means a company sells an asset, such as a part of its business.

    FTC Chair Lina Khan said that Amazon had used illegal tactics to fend off companies that would have risen to challenge its monopoly.

    During the Trump administration which ended in 2021, the Justice Department and FTC opened probes into Google, Facebook, Apple and Amazon.

    The Justice Department has sued Google twice - once under Republican Donald Trump regarding its search business and a second time on advertising technology since Democratic President Joe Biden took office.

    The original article contains 621 words, the summary contains 174 words. Saved 72%. I’m a bot and I’m open source!

    • @treadful@lemmy.zipEnglish
      15•1 year ago

      Some key missed points from the summary:

      “The FTC and its state partners say Amazon’s actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing against Amazon,” the agency said in a statement.

      […]

      The FTC said that Amazon, founded in 1994 and worth more than $1 trillion, punished sellers that sought to offer prices that were lower than Amazon’s by making it difficult for consumers to find the seller on Amazon’s platform.

      Other allegations include that Amazon gave preference to its own products on its platforms over competitors also on the platform.

      • @SinningStromgald@lemmy.world
        7•1 year ago

        And it certainly does. The first results are always sponsored then Amazon basic versions of available.

        On that note does it piss anyone else off that even Prime subscribers can’t turn off sponsored search results? Fucking ridiculous! I’m sure there’s a script when browsing on PC but I’m usually browsing on my phone.