Amazon has backed down from threats to ban the use of Visa credit cards from the U.K. on its platform after a dispute with the card company about how much fees are charged on transactions. In a note sent to U.K. Prime members on Monday morning, Amazon said customers would be able to continue to use Visa credit cards beyond the January 19 deadline previously set by the company. The note said...
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The Flaws in FTC’s Amazon Case
Talk about anticlimactic. We’ve been expecting today’s Federal Trade Commission antitrust lawsuit against Amazon since the day commission chair Lina Khan was sworn into office in June 2021. After all, she rose to antitrust fame with her 2017 Yale Law Journal paper arguing that modern competition policy wasn’t equipped to deal with the threat Amazon posed. Yet despite the plentiful time for...
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