Should VCs back the FTC suit against Amazon?

Should VCs back the FTC suit against Amazon?

a year ago
Anonymous $pUsIN4hzN9

https://techcrunch.com/2023/09/28/ftc-amazon-lawsuit-venture-capital/

The FTC is not incredibly popular in the tech world today, taking aim at several high-dollar deals and executing vigorous antitrust efforts that could make it harder for the richest companies in tech to snap up smaller rivals.

The FTC has continued its hearts-and-minds campaign by filing suit against Amazon this week, alleging a “pattern of illegal conduct” that “blocks competition” and allows the company to “wield monopoly power to inflate prices, degrade quality, and stifle innovation for consumers and businesses.” Amazon, in response, said that if the FTC “gets its way, the result would be fewer products to choose from, higher prices, slower deliveries for consumers and reduced options for small businesses — the opposite of what antitrust law is designed to do.”