Attorney Andrew Lieb, a legal analyst, joins Newsmax to breakdown the key arguments on both sides of the major antitrust lawsuit filed against Amazon. In this mock trial segment, Andrew Lieb plays the role of defending Amazon while Erin Elmore argues for the FTC.
The lawsuit alleges that Amazon operates as an illegal monopoly and engages in anti-competitive behavior designed to crush competition. Specifically, it accuses Amazon of replacing relevant search results with paid advertisements favoring its own brands and penalizing sellers that don't use Amazon's shipping methods.
Some specific points Andrew made on behalf of Amazon include:
- Amazon has over 500,000 independent retailers selling on its platform, showing it creates competition rather than stifling it.
- 80% of retail shopping still occurs in physical stores, so Amazon exists in less than 20% of the overall market.
- Amazon offers retailers on its site reduced shipping costs compared to competitors, helping small businesses.
