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California Says Amazon Engaged In Illegal Price-Fixing Scheme—Attorney General Says 'Evidence We've Uncovered Is Clear As Day' [Yahoo! Finance]
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Amazon Price Fixing Allegations Involving Major Retailers In a press release, California Attorney General Rob Bonta said the state has obtained unredacted court filings that allegedly show Amazon pressuring vendors and retailers to raise prices across competing platforms, including Walmart and Target "The evidence we've uncovered is clear as day: Amazon is working to make your life more unaffordable," Bonta said. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast He added, "The company is price fixing, colluding with vendors and other retailers to raise costs for Americans beyond what the market requires." According to the filing, Amazon allegedly instructed vendors to "fix," "raise," or "increase" prices on rival platforms and threatened penalties if they did not comply, including reduced visibility or loss of business on A
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