FTC sues Amazon for illegally maintaining monopoly power
FBA seller here.A lot of mom and pop businesses (~$20 million) have been built on Amazon over the past 10 years. Most of us are in the $250k to $5 million dollar range.The impact of Amazon’s monopoly power is felt big time by us as we’re being squeezed with no place left to go online especially post-iOS change.Our second option used to be the Facebook/Instagram/TikTok to Shopify connection but with that being dead in the water most of us have had to commit 100% to FBA to be able to stay afloat.With the increase in inflation and Amazon abusing its power to significantly raise its prices for FBA and force us to use its advertising services our revenues have been severely impacted.This doesn’t include their unwillingness to meaningfully fight counterfeitsOr that they penalize you if you attempt to drive sales elsewhere with lower pricing on other sitesBloomberg did a write up on this a few months back:https://www.bloomberg.com/news/articles/2023-02-13/amazon-am...