The suit filed Tuesday in the District of Columbia court maintains that Amazon has fixed online retail prices through contract provisions and policies it applies to third-party sellers. The District of Columbia has sued Amazon, accusing the online retail giant of anticompetitive practices in its treatment of sellers on its platform. The suit filed Tuesday in the District of Columbia court maintains that Amazon has fixed online retail prices through contract provisions and policies it applies to third-party sellers. Amazon rejected the allegations, saying the relief Racine is seeking “would force Amazon to feature higher prices to customers, oddly going against core objectives of antitrust law." It has about 2 million sellers on its marketplace, and the company has said that more than half the goods sold on Amazon.com come from third-party sellers.

Source: The Hindu May 26, 2021 06:47 UTC