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.