From CNET: Amazon is being sued by the US Federal Trade Commission and 17 state attorneys general who allege that the online retail giant is using "anticompetitive and unfair strategies" to maintain a monopoly and drive up prices for buyers and sellers online.
"Amazon violates the law not because it is big, but because it engages in a course of exclusionary conduct that prevents current competitors from growing and new competitors from emerging," the states and FTC alleged in a complaint Tuesday. "By stifling competition on price, product selection, quality, and by preventing its current or future rivals from attracting a critical mass of shoppers and sellers, Amazon ensures that no current or future rival can threaten its dominance."
It is alleged that Amazon is affecting retail sales to the tune of hundreds of billions of dollars per year, across hundreds of thousands of products.
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