‘Sold by Amazon’ program ends following state investigation

KIFI

Published January 26, 2022 1:53 PM

SEATTLE (AP) — Amazon will end its “Sold by Amazon” program after an investigation by Washington state’s attorney general found it was anticompetitive and violated antitrust laws. A lawsuit and a consent decree filed in King County Superior Court in Seattle Wednesday says the company engaged in unlawful price fixing and unreasonably restrained competition to maximize its profits. The Seattle Times reports that Amazon will shut down the program nationwide, pay $2.25 million to the state attorney general’s office and provide annual updates on its compliance with antitrust laws. Through the program, third-party sellers entered into an agreement with Amazon that set a minimum payment rate for products.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.