Is Amazon Stock Too Risky With an FTC Lawsuit Lingering?
About a week ago, the Federal Trade Commission (FTC) filed a lawsuit against Amazon (NASDAQ: AMZN) alleging that the e-commerce behemoth is a monopolist, and asserting that it uses its dominant size in unfair and anti-competitive ways to make it difficult for rivals and sellers alike to succeed online. In addition, 17 states joined the lawsuit as partners.
If you as an investor are spooked by the looming potential repercussions of that lawsuit, you aren't alone. Moreover, the case is likely to garner a lot of attention from the media, so it is important for investors to take the full picture into account before panic selling.
My prediction is that Amazon will win this lawsuit, and any dips in the stock along the way could be compelling buying opportunities. Here's why I'm bullish on Amazon's prospects.
Source Fool.com
