💨 Abstract

A U.S. judge dismissed a shareholder lawsuit accusing Amazon of defrauding investors over its treatment of third-party sellers and capacity expansion plans. The judge found no evidence of executives intentionally concealing information or favoring Amazon's own products. The Federal Trade Commission sued Amazon for using monopoly power to keep prices high in September 2023, and a trial is scheduled for October 2026.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖