The Federal Trade Commission sued Amazon on Tuesday, alleging the retailer is illegally abusing its monopoly power, preventing others from fairly competing with the tech giant.[Investopedia]The FTC, joined by 17 state officials, complains that Amazon uses "a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power." The retailer "engages in a course of exclusionary conduct that prevents current competitors from growing and new competitors from emerging." Read more
