{"id":5865,"date":"2023-09-26T22:26:18","date_gmt":"2023-09-26T22:26:18","guid":{"rendered":"https:\/\/wifamily.news\/?p=5865"},"modified":"2023-09-26T23:11:49","modified_gmt":"2023-09-26T23:11:49","slug":"amazon-says-ftc-lawsuit-could-lead-to-higher-prices-slower-deliveries","status":"publish","type":"post","link":"https:\/\/wifamily.news\/?p=5865","title":{"rendered":"Amazon Says FTC Lawsuit Could Lead to Higher Prices, Slower Deliveries"},"content":{"rendered":"

This post originally appeared at https:\/\/www.wisconsinrightnow.com\/amazon-lawsuit\/<\/a><\/p>\n

\"Amazon<\/p>\n

Online commerce giant Amazon said Tuesday that a lawsuit from the Federal Trade Commission could lead to higher prices and slower deliveries for customers.<\/p>\n

The Federal Trade Commission and 17 state attorneys general filed a lawsuit Tuesday against Amazon.com<\/a> Inc. alleging the company uses \u201canticompetitive and unfair strategies to illegally maintain its monopoly power.\u201d<\/p>\n

Amazon said the FTC was misusing its authority and that the agency failed to understand the retail marketplace.<\/p>\n

\u201cToday\u2019s suit makes clear the FTC\u2019s focus has radically departed from its mission of protecting consumers and competition,\u201d\u00a0David Zapolsky, senior vice president of Global Public Policy and general counsel for Amazon, said in a statement.\u00a0\u201cThe practices the FTC is challenging have helped to spur competition and innovation across the retail industry, and have produced greater selection, lower prices, and faster delivery speeds for Amazon customers and greater opportunity for the many businesses that sell in Amazon\u2019s store. If the FTC gets its way, the result would be fewer products to choose from, higher prices, slower deliveries for consumers, and reduced options for small businesses \u2013 the opposite of what antitrust law is designed to do.\u201d<\/p>\n

The complaint alleges that Amazon violates the law by engaging \u201cin a course of exclusionary conduct that prevents current competitors from growing and new competitors from emerging.\u201d<\/p>\n

The complaint alleges Amazon stifles competition on price, product selection, quality, and \u201cby preventing its current or future rivals from attracting a critical mass of shoppers and sellers, Amazon ensures that no current or future rival can threaten its dominance.\u201d Amazon\u2019s practices affect hundreds of billions of dollars in retail sales every year, according to the FTC.<\/p>\n

\u201cOur complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies,\u201d FTC Chair Lina Khan said in a statement. \u201cThe complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens of millions of American families who shop on its platform and the hundreds of thousands of businesses that rely on Amazon to reach them.\u201d<\/p>\n

Amazon\u2019s\u00a0Zapolsky offered a full defense of the company\u2019s practices in\u00a0response<\/a><\/strong>.<\/p>\n

\u201cThe FTC\u2019s complaint alleges that our pricing practices, our Fulfillment by Amazon offering, and Amazon Prime are anticompetitive,\u201d he wrote. \u201cIn so doing, the lawsuit reveals the Commission\u2019s fundamental misunderstanding of retail.\u201d<\/p>\n

Brett Rowland
\nGo to Source<\/a>
\nReposted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"

This post originally appeared at https:\/\/www.wisconsinrightnow.com\/amazon-lawsuit\/ Online commerce giant Amazon said Tuesday that a lawsuit…<\/p>\n","protected":false},"author":15,"featured_media":5867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-5865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wi-right-now"],"_links":{"self":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/5865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5865"}],"version-history":[{"count":2,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/5865\/revisions"}],"predecessor-version":[{"id":5868,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/5865\/revisions\/5868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/media\/5867"}],"wp:attachment":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}