Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 249.31

+0.4%

2:01 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Sr K	5/25/2021 1:46:47 PM
	of 164684

Amazon Sued Over Price Controls by Washington, D.C., Attorney General Antitrust lawsuit alleges the company illegally controls retail prices to stamp out competition An Amazon fulfillment center in Eastvale, Calif. The lawsuit targets an Amazon practice that the attorney general says prevents sellers from offering lower prices on other websites.PHOTO: WATCHARA PHOMICINDA/ASSOCIATED PRESS By Ryan Tracy May 25, 2021 12:12 pm ET WASHINGTON—District of Columbia Attorney General Karl Racine filed an antitrust lawsuit against Amazon.com Inc., alleging the company illegally controls online retail prices to stamp out competition. The lawsuit, filed in Washington, D.C., Superior Court, targets “most favored nation” clauses Amazon has imposed on sellers on its online marketplaces. The clauses prevent Amazon sellers from offering lower prices on other websites, including their own, Mr. Racine said. Amazon had no immediate comment. Mr. Racine told reporters Tuesday that Amazon in recent years replaced older policies with new ones that make sellers “agree to be sanctioned or removed from Amazon altogether if they offer their products for lower prices or under better terms on a competing online platform. We think that change is a distinction without a difference.” Skip

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next