US FTC hits Amazon with antitrust lawsuit on e-commerce business

The US Federal Trade Commission (FTC) has filed a lawsuit against Amazon, alleging that the company has been engaging in a number of “interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power.”In the complaint, the FTC and 17 state attorneys general claim that Amazon’s actions have prevented its rivals and sellers from lowering prices, leading to a decrease in quality for shoppers, sellers being overcharged, innovation being stifled, and Amazo