California alleges Amazon pressured sellers to raise prices on competitor sites, according to newly unsealed documents
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Summary
California authorities allege that newly unsealed documents reveal Amazon pressured independent sellers on its platform to raise prices on competitor sites like Walmart and Target, so Amazon could appear to have lower prices. The documents include internal emails, deposition testimony, and corporate presentations showing Amazon was concerned even when competitors sold items for just a penny less. This evidence is part of California's antitrust lawsuit against Amazon, though the company denies engaging in price-fixing.
Key quotes
· 4 pulledHundreds of previously redacted records reveal how Amazon has put pressure on independent sellers using its platform into raising their prices on the sites of competitors such as Walmart and Target, so that Amazon can appear to have lower prices, California authorities allege.
The global conglomerate became concerned even if a competitor was selling an item for as little as a penny less, according to one segment of the newly unredacted evidence.
The documents – which have never previously been reported on – include internal emails, deposition testimony and confidential corporate presentations.
Amazon denies it engages in price-fixing.
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