Amazon.com set to meet with U.S. FTC ahead of potential antitrust lawsuit: Source
The Hindu
Amazon is reportedly set to meet with the U.S. Federal Trade Commission (FTC) ahead of a potential antitrust lawsuit.
Amazon.com is set to meet next week with the U.S. Federal Trade Commission (FTC) ahead of a potential long-awaited antitrust lawsuit against the retailer, according to a source familiar with the matter.
The FTC began probing Amazon during former President Donald Trump's administration when the government decided to investigate Amazon, Google, Facebook and Apple for allegedly breaking antitrust law. The company has been criticised for allegedly favouring its own products and disfavouring outside sellers on its platform, among other allegations. Amazon has denied wrongdoing.
Amazon is expected to argue at the meetings with the commissioners that the FTC should not file an antitrust suit against the company, a separate source said. The FTC typically holds meetings with companies after lengthy investigations before deciding whether to file a suit.
The FTC declined comment on the planned meeting.
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