Market Movers rounded up the latest reactions on Amazon from investors and analysts. The pros discussed the e-commerce giant as the Federal Trade Commission announced it was suing the company on antitrust charges. Amazon is accused of illegally maintaining “monopoly power” to artificially raise prices, degrade quality for shoppers and stifle competition. Amazon’s stock closed the trading day down 4% Tuesday and is currently held in Jim Cramer ‘s Charitable Trust portfolio.
Source link: https://www.cnbc.com/2023/09/26/ftc-files-lawsuit-against-amazon-heres-how-to-play-the-stock.html