Amazon denies accusations of ‘monopolistic practices’ in response to FTC lawsuit

Amazon is pushing back against the FTC’s antitrust lawsuit, denying allegations of unfair monopolistic practices. The FTC and 17 state attorneys general sued Amazon in September, claiming the company’s tactics harm competitors and consumers. Amazon refutes these claims, stating there is no evidence that their practices have raised prices or harmed consumers. Illegal tactics such as manipulating search results and requiring the use of their fulfillment service are among the accusations. Amazon also faces allegations of inflating prices through Project Nessie, costing consumers over $1 billion. Amazon argues that their practices benefit consumers and promote healthy competition, keeping prices low without impacting overall consumer prices.