The Federal Trade Commission may file a lawsuit later this month against Amazon after the corporate didn’t offer concessions to settle antitrust claims, the Wall Street Journal reported Tuesday, citing people accustomed to the matter.
The lawsuit will goal the corporate’s logistics program, Success by Amazon, pricing on its website by third-party sellers and can suggest “structural remedies” that might break the corporate up, the report added.
Amazon and the regulator declined to comment when contacted by Reuters.
The FTC’s lawsuit will reportedly suggest “structural remedies” that might break the corporate up. Above, FTC Chair Lina Khan.POOL/AFP via Getty Images
The corporate’s shares, which have gained about 63% to date this yr, edged 0.4% lower in prolonged trading.
The probe began during former President Donald Trump’s administration when the federal government decided to analyze Amazon, Google, Meta Platforms and Apple for allegedly breaking antitrust law.
Amazon has been criticized for allegedly favoring its own products and disfavoring outside sellers on its platform, amongst other allegations. The corporate has denied the allegations.
Amazon didn’t offer concessions to settle antitrust claims, The Wall Street Journal reported.REUTERS
FTC chairperson Lina Khan authored a Yale Law Journal article in 2017, by which she said Amazon’s structure and practices posed anticompetitive concerns and has escaped antitrust scrutiny.
In June, the regulator sued Amazon accusing the corporate of enrolling tens of millions of consumers into its $139-per-year paid subscription service Prime without their consent and making it hard for them to cancel the plan.
