Amazon sued by FTC for 'inflating online prices, overcharging sellers'

The Federal Trade Commission and 17 state attorney generals filed an antitrust lawsuit against Amazon on Tuesday — the latest government attempt at breaking Big Tech’s dominance of the internet.

The lawsuit, which followed a four-year investigation, alleges that the Seattle-based e-commerce behemoth uses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition, according to the complaint filed in US District Court for the Western District of Washington.

“The FTC and its state partners say Amazon’s actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing against Amazon,” the agency said in a statement.