Brett Molina


Published 9:41 AM EDT Sep 11, 2019

Amazon is reportedly facing a potential investigation of its marketplace by antitrust officials examining whether it’s using its influence to hurt competition.

According to Bloomberg, investigators with the Federal Trade Commission have started interviewing small businesses about how much revenue they make on Amazon versus other online marketplaces like Walmart or eBay.

Citing three merchants, the report says multiple attorneys and an economist have been conducting interviews that last 90 minutes. Antitrust experts quoted by Bloomberg claim the length of the interviews and the people involve suggest a serious probe of Amazon’s business.

The FTC declined to comment on the report. Amazon could not be immediately reached for comment.

A reported probe comes as tech giants such as Amazon face increased scrutiny from lawmakers over their business practices. In July, the Justice Department said it was reviewing online platforms such as Amazon, Google, Facebook and Twitter over possible anti-competitive and anti-consumer actions.

Can your brain handle lies? This is why liars can outsmart your brain

More: Taco Bell introducing new national vegetarian menu along with new items

Bandwagon: Taco Bell introducing new national vegetarian menu along with new items

Internationally, Amazon is facing an antitrust probe by the European Commission over its role as a marketplace for independent sellers and a business directly selling competing products.

“E-commerce has boosted retail competition and brought more choice and better prices. We need to ensure that large online platforms don’t eliminate these benefits through anti-competitive behavior,” said European commissioner for competition Margrethe Vestager in a statement in July.

Amazon isn’t alone. Facebook and Google are facing multi-state antitrust investigations over business practices. 

Follow Brett Molina on Twitter: @brettmolina23.

Source link


Leave a Reply

Your email address will not be published. Required fields are marked *