Amazon allegedly pressured companies to raise product prices with other retailers
Rob Bonta, the Attorney General of California, has released an unredacted copy of a legal document that the state filed in relation to its lawsuit against Amazon, containing details of the company’s alleged price fixing scheme. In it, the state of California accuses the e-commerce company of reaching out to brands and asking them to “fix” the retail prices of their products on competitors’ websites. Due to Amazon’s “overwhelming bargaining leverage” and out of fear of punishment, the brands agree to raise their products’ prices on other retailers like Walmart and Target or to remove them altogether, the filing reads. California filed an antitrust lawsuit accusing Amazon of price fixing back in 2022. It said the company prevented sellers from offering lower prices on other s [...]
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