What the FTC’s antitrust lawsuit means for Amazon
According to a lawsuit filed Tuesday by the Federal Trade Commission and 17 states, “Amazon is a monopolist.” They say Amazon uses strategies that prevent sellers on its online marketplace from lowering prices on other platforms and compels them to use Amazon’s logistics service to be eligible for Amazon Prime. Marketplace’s Lily Jamali spoke to Neil Chilson, the former chief technologist at the FTC and currently a research fellow at the Center for Growth and Opportunity, about the FTC’s lawsuit. He said Amazon’s argument will likely hinge on the amount of value they’ve created for consumers and sellers.