News Snapshot:
NEW YORK, Sept 26(Reuters Breakingviews) - Amazon.com (AMZN.O) used to have it all – but not anymore. The $1.3 trillion retailer run by Andy Jassy was sued on Tuesday by the U.S. Federal Trade Commission for alleged anticompetitive practices. But its share price suggests that any stranglehold over the market is loosening. Unfortunately for the company, both investors and trustbusters can be right. The lawsuit alleges various monopolistic practices. Those include forcing merchants who want to participate in Amazon’s “Prime” offering to use the company’s fulfilment services, prioritizing Amazon’s own wares over competitors’, or charging unfair fees. Amazon, for its...
