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That Time No One Was Surprised: Amazon At Risk Of Antitrust Probe

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That Time No One Was Surprised: Amazon At Risk Of Antitrust Probe

Research firm Capitol Hill says Amazon.com, Inc. (NASDAQ: AMZN) is at risk of antitrust probe for working with manufacturers to control prices, foreclose competing sellers, and ultimately monopolize direct sales of their products on its platform.

The latest comments come as Amazon said in its annual report that its business now faces a new set of risks in the form of "trade and protectionist measures" under the head “Government Regulation Is Evolving and Unfavorable Changes Could Harm Our Business.”

Last November, Loop Capital’s Blake Harper said a Trump presidency could hurt big internet companies as his policies could be “more isolationist, restrictive of trade and antitrust.”

Under a Trump regime, Harper sees the largest risk to companies' international expansion, and companies with more international revenues and diverse operations, given potential restrictive trade and antitrust policies.

During the presidential campaign, Trump criticized Amazon saying the online retail giant isn't paying its fair share in taxes and later said in an interview with Fox News that Amazon has a "huge antitrust problem."

At last check, shares of Amazon were flat at $846.57.

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Latest Ratings for AMZN

DateFirmActionFromTo
Nov 2020China RenaissanceUpgradesHoldBuy
Nov 2020CitigroupMaintainsBuy
Oct 2020BenchmarkMaintainsBuy

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