The Federal Trade Commission in the US has accused Amazon of countering efforts by sellers on its online marketplace to offer products at cheaper prices on other online commerce platforms.
The Federal Trade Commission (FTC) in the US yesterday filed a long-awaited antitrust lawsuit against Amazon.com and asked the court to consider forcing the online shopping giant to sell assets data, as the US government accuses the big tech companies of monopolizing the most profitable areas of the internet.
The FTC accused Amazon, a company that started in a garage in 1994 and is now valued at $1.3 trillion, of fighting efforts by sellers on its online marketplace to offer products at cheaper prices in other online trading platforms.
Amazon forces its sellers to use its warehouses as well as its product distribution services, inflating costs for its customers and sellers, according to the FTC.
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