Now, Amazon (NASDAQ:AMZN) Faces Antitrust Lawsuit in California
California has filed a lawsuit against Amazon (NASDAQ:AMZN) for violating the state''s antitrust law through its pricing model. California’s Attorney General Rob Bonta said that AMZN is blocking third-party sellers on its platform from selling products at lower prices elsewhere. Bonta added that AMZN’s practice pushes prices higher for California consumers. Bonta said that Amazon entered into an anticompetitive agreement with third-party sellers and wholesale suppliers on its platform to insulate itself from price competition. He added that due to these agreements, third-party sellers and wholesale suppliers are unable to offer lower prices elsewhere, including its competitors like Walmart (NYSE:WMT) and Target (NYSE:TGT).
Now, Amazon (NASDAQ:AMZN) Faces Antitrust Lawsuit in California
California has filed a lawsuit against Amazon (NASDAQ:AMZN) for violating the state''s antitrust law through its pricing model. California’s Attorney General Rob Bonta said that AMZN is blocking third-party sellers on its platform from selling products at lower prices elsewhere. Bonta added that AMZN’s practice pushes prices higher for California consumers. Bonta said that Amazon entered into an anticompetitive agreement with third-party sellers and wholesale suppliers on its platform to insulate itself from price competition. He added that due to these agreements, third-party sellers and wholesale suppliers are unable to offer lower prices elsewhere, including its competitors like Walmart (NYSE:WMT) and Target (NYSE:TGT).