California Files Antitrust Lawsuit Against Amazon

California Democratic Attorney General Rob Bonta announced on Wednesday an antitrust lawsuit against Amazon, claiming that the retail giant “stifled competition and caused increased prices” in the state. 

“Amazon coerces merchants into agreements that keep prices artificially high, knowing full well that they can’t afford to say no. With other e-commerce platforms unable to compete on price, consumers turn to Amazon as a one-stop shop for all their purchases,” Bonta said. “This perpetuates Amazon’s market dominance.” 

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Google Loses Antitrust Legal Battle, $2.8 Billion Fine Upheld

The European Union (EU) General Court upheld a ruling Wednesday that Google violated EU antitrust law by preferencing its own shopping service in search results.

The European Commission, the EU’s top regulator, ruled in 2017 that Google’s practice of prioritizing its online marketplace in its search results was anti-competitive, slapping the tech giant with a roughly $2.8 billion fine. Google appealed the decision, but the EU General Court, the second-highest court in the continent, upheld the ruling Wednesday.

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