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Why US Government and 17 States Sued Amazon ?
The Federal Trade Commission along with 17 states have sued Amazon over Alleged Anticompetitive Practices That Led to Higher Prices for Consumers. The FTC and state attorneys general claim that Amazon has used its dominant position to favour its own products and services, which has harmed third-party sellers on its platform.
Amazon has been accused of anticompetitive practices in the United States, Europe, and India. The FTC's lawsuit is the most significant antitrust challenge that Amazon has faced to date. It is the largest attack from the government against Amazon, a company that started off selling books on the internet but has since become known as “the everything store,” expanding into selling a vast range of consumer products, creating a globe-spanning logistics network and becoming a powerhouse in other technologies such as cloud computing.
Today's Headline in NewsHours
0:00 Intro
2:55 #Microsoft betting on advanced nuclear reactors to power its data centers and AI
3:25 ONDC to open its platform for fintech services
3:55 China releases names of 26 app stores complying with its new rules
4:30 #Myntra unveils AI-powered interactive chatbot
5:05 #Google Search alerted Interpol and Mumbai Police to prevent suicide
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Why US Government and 17 States Sued Amazon ?By VARINDIA| 11 views
भारत और दुनिया के इतिहास में 16 जुलाई की प्रमुख घटनाएं इस प्रकार हैं
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#16july #trending #anvnews #specialreport
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भारत और दुनिया के इतिहास में 26 मई की प्रमुख घटनाएं इस प्रकार हैं...
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Okla. Cops Pepper Spray Elderly Woman
An Oklahoma police department is investigating after an officer used pepper spray to subdue an 84-year-old woman in her home.
By Sanjeev| 4752 views
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