The company IS just TOO Damn BIG….
It is gobbling up whole markets like ‘Pac-Man’….
And that means consumers will have less choices and prices are bound to rise across vast groups of consumers….
Somebody HAS to step in and help the consumer before its too late….
“Amazon has used its dominant position in the online retail market to win at all costs,” Racine (D) said in a statement. “It maximizes its profits at the expense of third-party sellers and consumers, while harming competition, stifling innovation, and illegally tilting the playing field in its favor.”….
The suit follows years of Washington antitrust scrutiny of Amazon and comes as consumer advocates have called on the Biden administration to bring federal antitrust charges against the company. Biden recently nominated one of the company’s key critics, Lina Khan, to the Federal Trade Commission.
The latest legal salvo highlights the critical role attorneys general are playing in checking tech giants’ power, following years of little action from the federal government….
The complaint takes narrow aim at agreements that Amazon imposes on sellers on its marketplace, known as “most favored nation” clauses. Stacy Mitchell, co-director of the Institute for Local Self-Reliance and a top critic of Amazon, said the suit gets at the heart of one way that Amazon undermines competition, but that there are many others….