The Federal Trade Commission and 17 states filed a landmark lawsuit against Amazon on Tuesday, alleging the company has illegally protected a monopoly in online retail—the latest legal complaint by U.S. regulators against Amazon, and one of the most hotly anticipated lawsuits in a years-long antitrust crackdown against major tech companies.
The FTC has sued a range of big tech companies in recent years, but its new lawsuit accusing Amazon ... [+]
A lawsuit filed Tuesday by the FTC and 17 state attorneys general alleges Amazon is a “monopolist” that uses a “set of interlocking anticompetitive and unfair strategies” in an effort to “illegally maintain its monopoly power” on online retail, according to the agency.
This is a developing story and will be updated.