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Amazon Faces Charges Alleging Monopoly

The Federal Trade Commission and 17 states have sued Amazon, which prompted a long-awaited antitrust fight with the ecommerce giant. "The 172-page suit, the federal government’s most significant challenge to the power of the online store, accused Amazon of protecting a monopoly over swaths of online retail by squeezing merchants and favoring its own services," per Forbes.

Read the whole story at The New York Times »

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