Update: Pulse Explore wireless earbuds, Pulse Elite wireless headset, and additional PlayStation Link USB adapters will be available to pre-order starting Friday, November 24th. Preorders will be available through PlayStation Authorized Dealers and Sony Centres in Singapore, Malaysia, Thailand, Indonesia, Philippines, and Vietnam.
The Amazon antitrust lawsuit is likely to be a long and arduous journey for the FTC
11.10.2023 - 11:41 / tech.hindustantimes.com / Joe Biden / Be A
Amazon is heading into one of its biggest sales events of the year — Prime Day — with a lawsuit hanging over its head that accuses it of preventing sellers from hawking their merchandise at lower prices on other sites.
The Federal Trade Commission's long-awaited antitrust case is the agency's most aggressive move yet to tame the market power of Amazon, a company that's become synonymous with online shopping and fast deliveries.
Under chair Lina Khan, the agency hasn't been shy about taking big swings against some of America's biggest companies and testing the limits of competition law to reverse what many of her supporters see as decades of weak antitrust enforcement. But that approach has also led to some high-profile setbacks, most notably in the FTC's bid to block Microsoft's takeover of Activision Blizzard and Meta's acquisition of the virtual reality startup Within Unlimited. The FTC is appealing the judge's ruling in the Microsoft case.
The Amazon case, which was backed by 17 states, marks a full-circle moment for Khan, who is finally confronting the company she scrutinized in an influential scholarly paper she penned as a Yale Law student. In the paper, which was called “Amazon's Antitrust Paradox” and released in 2017, Khan argued the prevailing way of looking at anticompetitive conduct by the impact it has on prices was insufficient in the modern economy. Instead, she pushed for a more progressive approach that examines how corporate concentration impacts the broader market.
Two years ago, Khan was tapped to lead the FTC by President Joe Biden, whose administration has taken a tougher stance on antitrust enforcement. That same year, Amazon unsuccessfully sought to get her recused from agency probes against the company, arguing she was too biased.
Now, her agency must prove in court both that Amazon is a monopoly and is using its dominance to prevent competition from flourishing in the marketplace.
“If we succeed, competition will be restored and people will benefit from lower prices, greater quality, greater selection as a result,” Khan said during a recent call with reporters.
A final decision in Amazon case will likely come years down the road, assuming the lawsuit isn't dropped under a new administration, dismissed by a judge or ends in a settlement akin to the one Amazon reached with European regulators last year. A similar lawsuit filed last year by the state of California is set to go to trial in 2026. The District of Columbia also tried to sue Amazon on antitrust grounds before, but its lawsuit was dismissed by a federal judge last year.
Experts say the FTC faces a few hurdles in its own case, including convincing the court which slice of the market Amazon is allegedly monopolizing.
In the
The website gametalkz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Authors
Popular Topics
tech.hindustantimes.com
28.10.2023 / 16:49
5 things about AI you may have missed today: AI deepfakes, Google to invest $2 Bn in Anthropic, more
We have entered the weekend, and yet, artificial intelligence developments are happening at full throttle. In the first incident, a new report has found that due to the possibility of AI-based deepfakes, people online are questioning even genuine videos and photos that are coming from the ground zero in Gaza. In other news, Google has committed to invest $2 billion in the AI company Anthropic, solidifying its relationship with the startup. The move is seen as similar to Microsoft investing in OpenAI. This and more in today's AI roundup. Let us take a closer look.
news.blizzard.com
27.10.2023 / 18:55
Register now for the FlashOps Holiday Showdown tournament
The holidays are on their way, and we can’t wait to ring in the festivities with the FlashOps Holiday Showdown tournament! Registration for North America (NA), Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC) regions is now live. With participation rewards and BIG regional prize pools, you don’t want to miss it!
pcgamer.com
27.10.2023 / 15:03
If you're playing the Metal Gear Solid 1 Master Collection edition, please for the love of god make sure you don't pick the PAL version
Konami has fixed one of the more glaring issues with the Master Collection version of Metal Gear Solid 1. When the game hit Steam three days ago, players were supposed to be able to download different language packs—Japanese, US English and what-have-you—via the game's launcher. Unfortunately, the relevant Steam pages were inexplicably AWOL, making international versions of the game inaccessible.
pcgamer.com
26.10.2023 / 15:51
Cyberpunk's new patch means the game will no longer strike you down like a fickle god right before the ending
Cyberpunk's 2.02 patch has hit, bringing with it a surfeit of tweaks, fixes, and improvements to Night City in the wake of the game's sweeping 2.0 update and accompanying redemption arc. As usual there's a whole lot of bullet points here, and I'll put the full patch notes below, but there are a couple of entries worth highlighting in particular.
gamesradar.com
26.10.2023 / 15:11
After leaving Starfield mid-development, Skyrim designer couldn't believe how well it ran at launch: "The Bethesda guys may not like me for saying this"
Former Skyrim lead designer Bruce Nesmith left Bethesda, and his updated role as senior systems designer, partway through Starfield's development, so he was as surprised as the rest of us when the massive space RPG was released in remarkably good condition.
gamesradar.com
24.10.2023 / 11:55
The Final Fantasy 7 Rebirth team won't stop teasing us over the original JRPG's big twist, and I can't take it
Final Fantasy 7 Rebirth's director, Naoki Hamaguchi, says there's a "big surprise" planned for the original JRPG's most iconic twist, and it's far from the first time fans – myself included – have been given reason to sweat over what's to come.
wccftech.com
23.10.2023 / 16:29
Apple Has Chosen A Few Retail Employees For A ‘Secretive Product Training Event’ For The Vision Pro Launch
The Apple Vision Pro launch is said to happen in early 2024, but it will not be easy for customers to acquire one as the device is said to be available through an appointment system only. Also, the company has been extremely mum on the product, which only means that the average person does not know what they will be getting for their hard-earned $3,499, and that may be why Apple has selected a few retail employees to undergo a secret training event prior to the release of the AR headset.
venturebeat.com
19.10.2023 / 13:57
Quest Portal raises $7.6M and launches subscription for tabletop role-playing games
Quest Portal, a startup dedicated to making tabletop role-playing games (TTRPGs) more accessible online, raised $7.6 million in funding.
gamesindustry.biz
18.10.2023 / 11:55
King and EA vets form The Experimentation Group
Mobile games veterans David Nelson, Tom Storr, and Phillip Black have formed consultancy firm The Experimentation Group.
gamesradar.com
17.10.2023 / 22:43
Killadelphia brings together Spawn, Savage Dragon, Blacula, Dracula, and John Adams for the most gonzo comic crossover ever
Image Comics' creator-owned Killadelphia is about to embark on one of the most unlikely crossovers in comic book history (and there have been some doozies). Starting in November's Killadelphia #31, by series creators writer Rodney Barnes and artist Jason Shawn Alexander, the forces of Heaven and Hell will go to war in the streets of Philadelphia, with some well-known characters enlisted on both sides, including Image Comics icons Spawn and Savage Dragon, cult-classic movie monster Blacula, and, just for good measure, the classic literary icon Count Dracula too.
thesixthaxis.com
14.10.2023 / 11:45
Something for the Weekend – 14/10/23
It’s been a busy week in the gaming industry, with big game releases, a new PS5 and, after months of to-ing and fro-ing, Microsoft finally completed their acquisition of Activision Blizzard to the tune of $68.7 billion!