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Amazon hit with antitrust lawsuit alleging it illegally raises costs

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Amazon has been hit with an antitrust lawsuit within the U.S. alleging that the corporate illegally raises costs.

Washington, DC Attorney General Karl Racine has filed the lawsuit towards the large on-line retailer on May twenty fifth.

The lawsuit alleges that the corporate has labored to stop third-party sellers from providing their items at decrease costs on different platforms and has illegally maintained monopoly energy. It alleges that these practices have unfairly raised costs for customers.

“Today my office filed an antitrust lawsuit against Amazon for illegally abusing and maintaining its monopoly power by controlling prices across the online retail market,” Racine acknowledged in a tweet.

“Amazon has used its dominant position in the online retail market to win at all costs. We filed this antitrust lawsuit to put an end to Amazon’s illegal control of prices across the online retail market.”

The firm instructed CNBC in a press release that “the DC Attorney General has it exactly backwards, sellers set their own prices for the products they offer in our store.”

“Amazon takes pride in the fact that we offer low prices across the broadest selection, and like any store we reserve the right not to highlight offers to customers that are not priced competitively.”

Several tech giants are dealing with rising antitrust scrutiny, as lawsuits have been additionally been filed towards Google and Amazon in current months.

Source: CNBC

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Written by Gideon

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