Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

Amazon loses consumer antitrust complaint.

Creator: PASCAL ROSSIGNOL Creator: PASCAL ROSSIGNOL
Creator: PASCAL ROSSIGNOL Creator: PASCAL ROSSIGNOL

Listen to the article now

Amazon.com Inc (AMZN.O) must confront customer charges that its pricing tactics violated U.S. antitrust law.

U.S. District Judge Richard Jones in Seattle ruled Friday in a potential antitrust class action with estimated damages of $55 billion to $172 billion.

In 2020, citizens of 18 states, including Virginia, Texas, California, Florida, and Illinois, sued Amazon over its stance that sellers cannot offer cheaper pricing for items offered elsewhere if they want their product on Amazon Marketplace.

Jones cut the lawsuit but let customers proceed.

The proposed class’s lead attorney, Steve Berman of Hagens Berman Sobol Shapiro, stated, “Amazon’s principal arguments are rejected” and termed the verdict “excellent news for tens of millions of customers who Amazon has overcharged.”

Amazon declined to comment.

Amazon denies the plaintiffs’ claims, stating that its “Fair Price Policy” promotes competition and is supported by U.S. antitrust law.

Later in the dispute, the e-retail behemoth can defend its pricing methods and ask the court to bar class action lawsuits. The court wants to consider class certification briefing schedules by mid-April.

Individual consumers are also suing Amazon in Seattle federal court for raising prices on its platform.

California and D.C. attorneys general have sued Amazon over pricing policies.

Frame-Wilson et al. v. Amazon.com Inc. is the case.

E-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence are Amazon’s specialties. It is one of the world’s most valuable brands and “one of the most significant economic and cultural forces.”

It is one of the Big Five American IT corporations, along with Alphabet (Google), Apple, Meta (Facebook), and Microsoft.


Comment Template

You May Also Like

Business

Amazon has appointed Whole Foods CEO Jason Buechel to lead its global grocery operations, signaling a bold push to redefine the grocery industry. With...

Business

Amazon is transforming Prime Video to achieve profitability by 2025, focusing on live sports, integrating third-party channels, and diversifying revenue streams. Led by CEO...

Technology

In Davos 2025, AI dominated the World Economic Forum, marking its shift from futuristic concept to global driver of change. Discussions explored AI’s transformative...

Technology

Anthropic stated on Thursday that the advantages of California’s updated measure, which aims to control the development and deployment of artificial intelligence within the...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok