Saturday, March 25, 2023
USA Mirror
  • Login
  • U.S
  • Politics
  • Business
  • Entertainment
    • TV
  • Sports
  • Lifestyle
  • World
  • Health
  • Science
No Result
View All Result
  • U.S
  • Politics
  • Business
  • Entertainment
    • TV
  • Sports
  • Lifestyle
  • World
  • Health
  • Science
No Result
View All Result
USA Mirror
No Result
View All Result
Home U.S

Washington DC sues Amazon accusing it abuses its position as a retail giant

Abhishek Verma by Abhishek Verma
May 28, 2021
in U.S
0 0
0
Washington DC sues Amazon accusing it abuses its position as a retail giant
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

Washington DC sues Amazon over allegations that it abuses its position as a retail giant.

 The lawsuit was filed on Tuesday, claiming that Amazon controls up to 70% of US online sales. Hence, it ends up setting higher prices for consumers. It said Amazon’s online retail platform benefits from and is protected by Amazon’s anticompetitive business practices.

RELATED POSTS

US’ Supreme Court takes the side of college athletes in opposition to NCAA

US’ Supreme Court blocks the child slavery complaint against the chocolate firms

However, Amazon says that the lawsuit has it precisely backwards.

The lawsuit is filed by Attorney General for the District of Columbia, Karl Racine. It accused Amazon of charging third-party sellers on its site fees for up to 40% of the product’s price. Moreover, it is stopping them from charging less on other platforms.

It says far from enabling the consumers to obtain the best products at the lowest price. Amazon instead causes costs across the entire retail sales market to artificially inflated. Moreover, it is for both products sold on Amazon’s online platforms and its competitors online retail sales platforms.

An Amazon spokesperson in response said that the DC Attorney General has it precisely backwards. Further adding, sellers set their own prices for the products they set to sell on our platform.

Amazon takes pride in the fact that it offers low prices across the broadest selection. Also, like any other store, we reserve the right not to highlight offers to customers that are not priced competitively.

The lawsuit seeks to stop Amazon from using anticompetitive prices and calls for damages and some remedies. But it will only apply to violations of the rules in the District of Columbia itself.

Amazon’s further statement

Amazon added the relief sought would force it to feature higher prices to customers. That is oddly going against the core objectives of antitrust laws.

In 2019, Amazon a requirement for merchants to sign a price parity. The agreement stopped them from selling at lower prices under pressure from senior US politicians.

But Attorney General Karl Racine has said that it introduced an effectively-identical substitute. Retail has already been charged with abusing competition rules by the European Commission.

The latest lawful challenge comes as tech firms face increased scrutiny, having seen sales or membership jump during the pandemic.

ShareTweetPin
Abhishek Verma

Abhishek Verma

A geeky fan of videogames, football, books, and entrepreneurship!

Related Posts

US’ Supreme Court takes the side of college athletes in opposition to NCAA

US’ Supreme Court takes the side of college athletes in opposition to NCAA

by Abhishek Verma
June 30, 2021
0

The US supreme court has governed in support of student-athletes. They were in a reparation row with the NCAA (National...

US’ Supreme Court blocks the child slavery complaint against the chocolate firms

US’ Supreme Court blocks the child slavery complaint against the chocolate firms

by Abhishek Verma
June 19, 2021
0

The Supreme court passed judgement on Nestle and Cargill. The supreme told that the two firms cant be sued for...

US Daredevil dies while attempting to break the record of longest ramp jump

US Daredevil dies while attempting to break the record of longest ramp jump

by Abhishek Verma
June 19, 2021
0

The daredevil named Alex Harvill died in Washington while striving to break the longest motorcycle ramp jump record. The biker...

US’ COVID death rate has crossed 600,000 during the sluggish rate of vaccinations

US’ COVID death rate has crossed 600,000 during the sluggish rate of vaccinations

by Abhishek Verma
June 16, 2021
0

The count of Americans who has died from the COVID-19 has reached above 600,012 and is still increasing. This is...

G7 leaders to divulge the globally implied anti-covidaction plan

G7 leaders to divulge the globally implied anti-covidaction plan

by Abhishek Verma
June 14, 2021
0

All the G7 leaders are to consign to using all their potential and resources to ensure relief from the pandemic....

Next Post
Stephen Hawking’s wheelchair and glasses amongst items to be exhibited at London’s science museum

Stephen Hawking’s wheelchair and glasses amongst items to be exhibited at London’s science museum

The US charges former Bolivian cabinet minister with money laundering and bribery

The US charges former Bolivian cabinet minister with money laundering and bribery

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Misc
  • Politics
  • Science
  • Sports
  • TV
  • U.S
  • World

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • Home
  • Contact

© 2022 USAMirror.com

No Result
View All Result
  • U.S
  • Politics
  • Business
  • Entertainment
    • TV
  • Sports
  • Lifestyle
  • World
  • Health
  • Science

© 2022 USAMirror.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In