Amazon could be slapped with FTC antitrust lawsuit: report


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The Federal Trade Commission is preparing a possible antitrust lawsuit against e-commerce giant Amazon, the Wall Street Journal reported on Friday, citing people familiar with the matter.

It could not be determined exactly which aspects of Amazon’s businesses the FTC would target and the timing of any case remains in flux, according to the report.

Amazon did not immediately respond to a Reuters request for comment, while the FTC declined to comment.

The FTC has been scrutinizing the bundling practices of the company’s Prime subscription service, the Journal also reported.

Amazon in December reached a settlement with the European Union in three antitrust probes after it addressed the EU’s concerns over its use of sellers’ data, saving it from a fine of up to 10% of its global turnover.

Amazon in December reached a settlement with the European Union in three antitrust probes.
AFP via Getty Images

Amazon shares were down 4.7% to $107.60.

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