tl;dr
The U.S. Federal Trade Commission is conducting an investigation into the fees imposed by Amazon on merchants who sell goods on its $140 billion marketplace. The inquiry will specifically focus on the charges for warehousing and shipping through the Fulfillment by Amazon service, with concerns raise...
The U.S. Federal Trade Commission is conducting an investigation into the fees imposed by Amazon on merchants who sell goods on its $140 billion marketplace. The inquiry will specifically focus on the charges for warehousing and shipping through the Fulfillment by Amazon service, with concerns raised about the complexity and costliness of these fees. Additionally, sellers fear that agreeing to Amazon's new terms could result in the company exerting control over their inventory and forcing them to raise prices to mitigate the higher costs.
This probe comes after the FTC filed a lawsuit against Amazon in September, alleging that the e-commerce giant illegally maintained a monopoly by stifling competition and overcharging sellers. The investigation into seller fees aligns with claims that Amazon uses anti-discounting measures to punish sellers and compel the use of its expensive fulfillment service to achieve Prime eligibility. As a result, Amazon's shares have seen a slight decline.
More about Amazon.com Inc
Amazon.com Inc is a leading multinational technology company with a market capitalization of $1.8367 trillion. The stock has a 52-week low of $206.2 and a high of $3,484.0, currently trading at $3,484.0. The price-to-earnings ratio stands at 60.97, indicating a premium valuation relative to earnings. The company has a strong market sentiment, with a bullish trend and a relative strength index (RSI) of 55.78, suggesting the stock is neither overbought nor oversold. However, caution is advised as the stock is approaching its resistance level. The company's strong financial performance and market dominance make it a key player in the industry.
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