In This Article:
At the end of 2023, the Federal Trade Commission (FTC) and 17 state attorneys general sued Amazon for alleged illegal monopolies and antitrust violations. Author and WSJ journalist Dana Mattioli joined Opening Bid with Yahoo Finance Executive Editor Brian Sozzi to breakdown what this means considering Amazon's influence on both the worlds of retail and tech. She and Sozzi speculated on how Amazon's (AMZN) practices are even contributing to inflation: 'We’re all paying more because of Amazon’s power in e-commerce.' In her new book "The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power" she covers rank and yank practices, culture shifts under Jeff Bezos, and combative relationships with regulatory bodies.
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