00:00 It's Benzinga and here's what's on the block.
00:02 The Federal Trade Commission has filed a lawsuit against Amazon accusing the company of engaging
00:07 in anti-competitive practices by using its monopoly power to harm competitors and consumers.
00:13 Several third-party sellers have gone bankrupt due to Amazon's direct competition.
00:18 Amazon has denied the allegations and stated that sellers choose to use their services
00:22 because they offer more value.
00:24 Independent sellers have expressed frustration over Amazon's ability to prioritize its own
00:28 products and the high fees they must pay.
00:30 For all things money, visit Benzinga.com.
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