Majed Dakak, Partner with Kesselman Brantly & Stockinger, was recently quoted in the Daily Journal article, “Amazon has online monopoly, FTC says in latest complaint.”
The article discusses the antitrust lawsuit filed by the FTC and 17 attorneys general this week against Amazon, alleging the company engaged in anticompetitive practices to maintain a monopoly.
Dakak told the Daily Journal that on its face, the FTC’s case seems to have merit based on data they included showing Amazon’s share among other major e-commerce retailers increasing from 69% in 2015 to 77% is 2021. Amazon argues that the FTC’s statistical findings are too narrow as it excludes storefronts and perishable grocery sellers.
Dakak commented, “I think a lot of people would have a difficult time imagining that local brick-and-mortar stores should be in the same category as online stores. I don’t think most consumers are seriously thinking, ‘You know what, instead of buying online, I’m going to my local store to price compare.”
Read the full article here (subscription required): https://www.dailyjournal.com/articles/375020