Amazon, the e-commerce giant we’ve all come to rely on for its vast selection and competitive pricing, is currently facing a storm of controversy. The Federal Trade Commission (FTC) and 17 state attorneys general have set their sights on the retail juggernaut, accusing it of unlawfully maintaining a monopoly empire worth billions of dollars. The heart of this legal dispute? An allegedly illegal algorithm.
Monopoly Trouble
Amazon’s dominance in the world of online shopping is undeniable. Whether it’s electronics, books, groceries, or virtually anything else you need, Amazon is often the first destination. The allure of Amazon lies not just in its vast product range but also in its competitive prices and expedited delivery services, especially for Prime members. However, it’s precisely this omnipresence and monopoly-like control that is raising eyebrows and landing Amazon in hot water.
