California's antitrust lawsuit alleges the company penalizes sellers and suppliers that offer cheaper prices at rival online stores.
California's antitrust lawsuit is among the biggest legal challenges to Amazon in recent years, as lawmakers and regulators in the U.S. and abroad have investigated the retail giant for potential anticompetitive practices.
An Amazon spokesperson denied any antitrust violations, pointed out that a similar case in the District of Columbia was dismissed, and said the California Attorney General has it backwards. "Sellers set their own prices for the products they offer in our store," the company said in a statement."Like any store we reserve the right not to highlight offers to customers that are not priced competitively."
California also accuses Amazon of creating a"vicious anticompetitive cycle": Sellers view Amazon as a must; Amazon charges them higher fees to be able to sell on its platform; Sellers, in turn, raise their Amazon prices. And, even though it costs them less to sell on other websites, Amazon's policies push sellers to raise prices on those sites, too.
"Through its illegal actions, the, quote,"everything store" has effectively set a price floor, costing Californians more for just about everything," Bonta said at a press conference on Wednesday.
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