California is suing Amazon, accusing the company of violating the state's antitrust and unfair competition laws by stifling competition and engaging in practices that push sellers to maintain higher prices on products on other sites.
Among other things, the California lawsuit seeks to stop Amazon from entering into contracts with sellers that harm price competition. It also seeks a court order to compel Amazon to pay damages to the state for increased prices. State officials did not say how much money they are seeking.
Amazon controls roughly 38% of online sales in the U.S., more than Walmart, eBay, Apple, Best Buy and Target combined, according to the research firm Insider Intelligence. About 2 million sellers list their products on Amazon’s third-party marketplace, accounting for 58% of the company’s retail sales.
He said the lawsuit is also a message to other companies who “illegally bend the market at the expense of California consumers, small business owners and the economy.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reparations advocates ask California governor to veto bill - New York Amsterdam NewsA community organization that pushed to create the first-in-the-nation African American reparations task force in California is urging Gov. Gavin Newsom to veto legislation extending the deadline for the committee to complete its work.
Read more »
California and New York could soon change how workers everywhere negotiate salariesCalifornia Gov. Gavin Newsom and NY Gov. Kathy Hochul have bills at their desks that would require companies to post pay ranges on job advertisements.
Read more »
WSJ News Exclusive | Amazon Union Election in Upstate New York Is Planned for OctoberActivist workers near Albany are trying to build on a successful union bid at a company facility in Staten Island, a borough of New York City, earlier this year.
Read more »
New York approves new private school regulations as yeshivas face mounting scrutinyNEW: State education policymakers have approved new regulations requiring New York’s private schools give students a robust education, as allegations mount that some Hasidic yeshivas did not teach basic math, history, and English.
Read more »
Opinion | New York City schools cancel snow days in disturbing new trendSchool officials still don’t seem to understand that virtual learning isn't a substitute for the real thing.
Read more »
California firefighters have a new tool to battle wildfires: night-vision gogglesA handful of firefighting pilots in California, in fact, have used new night goggle technology to combat he destructive Fairview Fire near Hemet and the vast Mosquito fire in the Sierra Nevada moun…
Read more »