The attorney general for Washington, D.C., has filed an antitrust lawsuit against Amazon, which he accuses of fixing prices to charge consumers more and maintain its monopoly power. This is D.C. Attorney General Karl Racine speaking on Bloomberg TV.
Attorney General Karl Racine: “They require sellers first to pay it, Amazon, a very significant commission, upwards to 40%, for a good. Then it requires the sellers to not provide for access to their product on any other site, including the seller’s own site, for a price lower than that which they sell it on Amazon. That means that you and I are locked into buying a good at an artificially high price set by Amazon.”