Amazon 'strong-armed' rivals to raise prices, lawsuit claims

Amazon 'strong-armed' rivals to raise prices, lawsuit claims

Amazon is facing legal scrutiny after California's Attorney General alleged that the tech giant "strong-armed" competitors into raising their prices. As part of a 2022 anti-trust lawsuit against Amazon, unredacted documents were unsealed on April 20, showing correspondence between the massive e-tailer and other companies.  In one example of the communications, Amazon employees sent links of product listings to Hanes, showing that its product pri…

California exposes Amazon's alleged 'retail price fixing' in...

California Attorney General Rob Bonta on Monday released a largely unredacted court filing packed with internal emails that allege Amazon strong-armed brands like Levi Strauss and Hanes into pressuring Walmart, Target and other rivals to raise prices - all to protect Amazon's $2.66 trillion empire. The 19-page memorandum, filed in support of a preliminary injunction in San Francisco Superior Court, paints a picture of coordinated price elevation…

Amazon, secret emails, and price cartels: how the web giant is also bringing Walmart to heel. - Economic Scenarios

If you thought e-commerce was the ultimate frontier of perfect competition, where the consumer always wins thanks to price transparency, the latest news from California might change your mind. California Attorney General Rob Bonta recently filed a court filing , largely free of the redactions that usually obscure trade secrets, containing a dense web of internal communications. The accusation, to put it in not strictly legal but very practical t…