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FTC and 17 states sue Amazon, alleging price-fixing and overcharging

The Federal Trade Commission (FTC) and 17 state attorney generals have filed an antitrust lawsuit against Amazon, accusing the company of price-fixing, overcharging sellers, and stifling competition. The lawsuit, filed in a Washington court, is the result of a lengthy investigation into Amazon's practices. The FTC and states involved are seeking a permanent injunction to prevent Amazon from engaging in unlawful conduct and to restore competition. While there is speculation about a potential forced break-up of the company, FTC Chairman Lina Khan stated that the focus is currently on liability.

The post FTC and 17 States Sue Amazon, alleging price-fixing and overcharging appeared first on Balanced News Summary.



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