Amazon review practices may be target of FTC antitrust suit: report


The Federal Trade Commission is preparing a possible antitrust lawsuit against Inc. AMZN, -8.43%, the Wall Street Journal reported Friday, citing people familiar with the matter. The suit could challenge many of the tech giant’s business practices as being anticompetitive, the people said. Amazon officials have not yet had meetings with FTC commissioners to argue against any suit, but the agency has been reviewing the company’s practices to determine whether it favors its own products over competitors’ on its platform, and how it treats third-party sellers on, some of the people said. Amazon and the FTC declined to comment to the paper. Amazon stock is down 4.4% Friday, after it reportedits least profitable holiday quarter since 2014 late Thursday and biggest annual loss on record, along with a forecast miss.

This article was originally published by Read the original article here.

Previous articleGrowth stocks lag heading toward closing bell Friday
Next articleThe Moneyist: ‘I always say yes’: The trainers at my gym flatter and cajole me into taking classes. I’ve racked up credit-card debt to pay for them. Why can’t I say no?


Please enter your comment!
Please enter your name here