The Federal Trade Commission (FTC) initiated legal proceedings against Amazon this week, focusing on alleged unfair business practices. The case involves a dispute over Amazon’s dominance in online marketplace competition. The FTC is seeking a settlement agreement with Amazon, estimated to be in the range of $2.5 billion. The agreement will address concerns regarding potential anti-competitive behavior and market manipulation. The settlement will likely involve stipulations regarding data collection and market share regulation. The legal proceedings are expected to continue with a trial scheduled in Seattle.
Credits: NYT > Top Stories