Amazon Gets Sued by the FTC. Here's What I'm Doing With My Shares.
Everyone knew it was coming, but the long-anticipated Federal Trade Commission (FTC) lawsuit against Amazon (NASDAQ: AMZN) was finally announced. Amazon stock dropped by 4% on the news. While this may spook some investors, is this something to panic about? Or should investors embrace what's coming?
As an Amazon shareholder, I have some thoughts on what investors should be doing, and they may surprise you.
The FTC and 17 state attorneys contest that Amazon uses unfair practices to maintain a monopoly, including suppressing sellers offering lower-priced items in its search results, conditioning sellers to become Prime eligible, biasing search results to show preference for Amazon brands, and levying excessive fees on sellers.
Source Fool.com