Authors and book vendors unite, urge FTC to investigate Amazon’s monopoly

US booksellers and authors have called for the Federal Trade Commission (FTC) to investigate Amazon’s alleged monopoly in the industry. The American Booksellers Association, the Authors Guild, and the antitrust nonprofit Open Markets Institute are among the critics who claim that Amazon has unfairly gained control over book sales and has undue influence over which titles are promoted. This comes as Amazon faces an impending antitrust lawsuit in the US. The groups accuse Amazon of using strong-arm tactics with publishers and giving preferential treatment to its own book listings and pricing. They argue that Amazon’s dominance has led to a decline in brick-and-mortar bookstores in the country. The FTC is reportedly preparing a major lawsuit against Amazon, although the specific focus remains unclear. Amazon has hired former FTC officials to assist with its defense and has denied any wrongdoing. The company has also lobbied against proposed legislation targeting Big Tech firms.

Reference

Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
DMCA compliant image

Leave a Comment