Tiny Iron Fist
The Young Turks
00:00
FTC Files Antitrust Lawsuit Against Amazon
This chapter discusses the Federal Trade Commission's (FTC) accusation against Amazon, alleging that the company abuses its power to raise prices for shoppers and charge high fees to third-party sellers on its platform. It explains the specific allegations made in the lawsuit, including Amazon's alleged use of data to launch its own versions of popular products and prioritize them in search results. The chapter also mentions Donald Trump's response and the controversy surrounding Amazon's business practices.
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