US cracks down on American Big Tech with antitrust suit against Amazon for hurting consumers

Source: South China Morning PostAmazon.com was sued by the attorney general for Washington for allegedly engaging in anticompetitive practices that have raised prices for consumers.The antitrust lawsuit, the first to target Amazon in the US, opens a new front in the campaign against major US tech companies and is the sixth such case filed in the last year by state and federal officials. Yet even with the prospect of more action on the way against the industry in general and Amazon in particular, the retailer’s shares…Read More

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