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Attorney General Finds Amazon Price Fixing, Urges Halt of Illegal Conduct

3 hours ago
  • #Price Fixing
  • #Amazon
  • #Antitrust
  • California Attorney General Rob Bonta filed a request for a preliminary injunction against Amazon for alleged price fixing.
  • Amazon is accused of forcing vendors to raise prices on competitors' websites or remove products to maintain its own low-price image.
  • New evidence reveals Amazon's explicit agreements with vendors and competitors to fix prices, harming consumers and small businesses.
  • Amazon's tactics include threats and penalties for non-compliance, ensuring vendors adhere to its pricing demands.
  • The lawsuit aims to halt Amazon's anticompetitive practices and seeks damages for California consumers and the economy.
  • Amazon's dominance in online retail allows it to enforce these practices, as vendors have few alternatives.
  • The trial is scheduled for January 2027, with the Attorney General pushing for accountability.