then amazon revenue increased day by day. in 1996, amazon grew its revenue to $16 million dollars. this company was founded with investment of three. by jeff basos's cuban stepfather. net sales for fiscal 1997 were $147.8 million dollars and 838% increase over net sales of $15.7 million dollars report for fiscal 1996. this year amazon's book warehouses were the size of six football fields. at that time people realized that a giant had into the world of information technology, jeff bezos used a very simple method earn money, he found easy way to sell books, he owned large book warehouses. amazon started to ask for small discounts from publishers to have the books and then sell them online. it didn't matter to bases where you lived. wherever a person had access to the internet, there was a branch of amazon and the book would reach him in the shortest possible time. customers used to buy these books cheaper than other stores. the number of amazon users increased for the same reason. amazon served over 17 million customer accounts. customers also used to by dvds and musical instruments

yeah, and it's that it's not that amazon, that amazon views food as a project. amazon views food is being strategic. if amazon can convince consumers to order groceries from them to turn the amazon for groceries and food throughout the year for all of their grocery needs. amazon then can easily convert them to buying additional products that amazon sells. whether it's furniture or clothing or anything else. as a whole, foods has been said to be a trojan horse for amazon to expand its retail offerings. go to amazon osh they wouldn't. foods, which was all for the amazon purchase of whole foods, brought with big changes. amazon began lowering prices on the iconic products such as of a condos bananas and checking to see here. so kind of put suppliers were told that some of their products were too expensive for amazon, and they needed to lower their prices associated to told people, you know, those who had only a few goods in their assortment, couldn't keep up. and other suppliers had to accept the new conditions, so the price is at whole foods could generally be low

he has made the amazon very similar to the amazon river, and now for many of the 310 million users of this site, it is unimaginable to leave a day without amazon. however, if we travel to the amazon forests, maybe our opinion will change completely. what we see from a distance is very different from the reality of amazon. barns and nobel was the largest bookstore in the united states for many years. this bookstore, which started in 1880. 6 in new york, now has nearly 627 retail stores across the united states. this bookstore is one of the most important competitors that was pushed out of the book market by amazon and now has to close several of its stores every year. maybe the fate of this bookstore is the same fate as the borders bookstore which finally surrendered in 200. 2011 after 32 years of experience and declared bankrupcy, another thousand small book stores filed for bankrupcy between 2000 and 2007. now amazon's share of the printed book market is about 50% and this year in the ebook market is about 75%. but the question is, how could amazon bring such a disaster to traditiona

amazon is lying in wait. the american corporation has already entered into partnerships for the production of its own brands. several dozen products are available. amazon has focused on widely used consumer goods that perform the instead of being able to deploy, the range is so expensive that almost all foods can be found under one amazon brand or another. that paradox news. they even have spreads the ranges very well. find out examples. so it covers almost all consumer needed, but i don't want to any cost for them to encourage consumers to buy groceries online. the online retailer offers the same customer service that has enabled it to dominate the mail order business. with this coffee, for example, amazon prime customers have a choice to keep it or send it back. they get a refund, just like for any other product sold on the site, the amazon wants to be able to give the customer the opportunity to return it. and it doesn't matter whether it's food or a shirt or, or shoes. it doesn't matter. amazon wants happ

not just the amazon you could fit in. that includes the equitorial force of africa, was the unique force of popular new get on we and the boil forest of north america . then you, when you've gone plus the exception, of course, both of russia 40, which transports to moist air from 3 oceans inland. and has a decisive influence on the atlas buick circulation above the entire duration continent. the, the bar to bump is the mechanism which has the capacity to keep the continents moist was always humidity. if the pickup pump for any reason, we're to disappear tomorrow, less than 10 years, you with all the water, all the fresh water in the content, and it's where the drain entirely to the ocean. soon after the discovery of the biologic pump, researchers need another breakthrough. while examining wyatt rain, so often in the and don greenforest, the research project was launched around 10 years ago in one of the most pristine parts of the amazon, headed by a central original together with scientists from germany's mex plunk instit

the filing of the amazon is not that easy. you have is dense forest, very few fields and a lot of low cloud and rain to this whisper, zillion aviator began exploring mapping the airborne rivers stick with them was we to coughing the lamb as expected. the mass headed towards actually turning south southeast and continuing over a month across so much as well as the atlantic via south piling on before reaching the south of the continent, the air masses 1st hit the and these mountain range and the west. the 6000 meter high natural barrier alters the course of the stream of air, as shown in an experiment called sound. jack's headed by shows the money and go subjects west of phoenix, ferryman. but we decided to develop together with the united states that people were the but i see that had been di and i tried to find out more information about this inception and the functioning of to know the difference out the medic advocate . we didn't know the measurements taken in the andy and foothills showed that this extremely dynamic air mas

, all the more water and the amazon data itself. just stay tuned for that. i'm going to jones, thanks for watching the the shuttle the currently more people than eva on the world wide and such. but they're on their boss, asshole. jessica admitted god the castle josh. find out about robina story info. mike runs the, the amazon rain forest known as the green long a planet for hers and a treasure trove of biodiversity. the, the hundreds of billions of trees in the forest absorbed enormous quantities of carbon dioxide while producing valuable oxygen. the amazon makes a crucial contribution to limiting global warming. a role now threatened by continuing deforestation. scientists have observed and analyzed the rain forest for decades about 15 years ago made an extraordinary discovery above the tree tops phenomena they call flying rivers. the antonio, nobody has been 40 years studying the amazon in climate. to me. the streets are like a green guys or a pump. 1000 lead during the day from the ground all the way to the those are, will you cl

the filing of the amazon is not that easy. you have is dense forest, very few fields and a lot of low cloud and rain. to this waste, brazilian aviator began exploring and mapping the airborne rivers. we to coughing the lamb as expect to the and mass headed towards actually turning south southeast and continuing november. crossover must have towards the atlantic via sound possible before reaching the south of the continent. the air masses 1st to the and these mountain range and the west. the 6000 meter high natural barrier, alters the course of the stream of air, as shown in an experiment called sound jacks, headed by shows the money and go. subjects was i've seen experiment that we decided to develop together with the united states, a table or tv um, but i see that have you tried to find out more information about the section of the functioning of to know the south america because we didn't know the measurements taking in the andy and foot hills showed that the 6 during the dynamic air mass contains a lot of moisture, basic at

so often in the amazon rain forest. the research project was launched around 10 years ago in one of the most pristine parts of the amazon headed by a central regional, together with scientists from germany's mex plunk institute, including stefan voice a lot. but it's a long journey to the, to the usually 7. all right, now a lot of the destination is an extremely remote nature reserve. the space is a little town. see lovely. i some updates toilet and the only phone tower capital a wanting to method for made is kola e. right. and the amazon told tower observatory or to is truly exceptional. the only other 2 tower is the zillow, to tower and siberia, the, it's highly sensitive instruments. mean the actual tower has to be located some distance from the research base itself. to ensure that the data collected is not compromised. the sensors positioned all the way up to the tower. take continuous samples of aerosols . both miniscule particles swept from the trees by the wind and dusty bacteria, poland, and other mineral matter

but deforesting amazon, we are destroying our buffer. is accelerating the climate change, the extreme events. this is luciana gatschi, , a senior researcher with brazil's national institute for space research. she found that the amazon has been destroyed to such an extent that it's now emitting more carbon than it takes in. that's partly because the fires used to clear the forest release tons of it. if we don't stop it immediately, this process, we will lose this part of amazon forest. it will become the tipping point. oof, okay, that sounds depressing. i promise we're getting to the solutions. but first we need to understand what has allowed us to deforest 17% of the brazilian amazon. here's a clue. it's a moneymaker. and this goes all the way back to the 1970 s. at that point the rainforest was largely untouched. but the military regime that was in power pursued an agenda of nationalism and economic development. it decided exploiting its biggest forest was the way to boost brazil's economy. the military in brazil saw the region as a re

goes to amazon itself.ll businesses are prevented from raising their prices on other platforms, meaning they are losing that money. these are small businesses crunched by amazon. caroline: these are beneficial for consumers in some way if they are keeping prices low. that is what amazon's lawyer has said. this amine higher prices -- this could mean higher prices. and the ftc has moved from the consumer focused mission. lee: amazon has been able to raise its price for amazon prime multiple times over the past several years. usually when the price goes up, consumers take their business elsewhere. if amazon is not losing market share even though they are raising prices, that is indicative of monopoly power. customers are being hurt in other ways and we are dealing with a new type of a novelist -- monopolist where price is in the only thing that matters. you lose innovation and you lose the economy of small businesses trying to create better products. there are costs to workers were being injured in amazon ware

google amazon.he majority of the topics we've been having with our investors, that is what investors want to hear. they don't love the hardware side of those so they would like to hear more about this than in the quest and the hardware side, which most investors are skeptical about a more expensive endeavor, higher-margin building, we want to hear more on that. merck zuckerberg did a story yesterday as instagram about jarvis. in 2016 he showed this ai bought at his house that could turn on the lights and do things like make us toast at home. i was in 2016 and he reposted that. we believe this concept of jarvis for the home comes to the mass in ai. using microsoft and google, also there is an opportunity with whatsapp messenger and the global pop -- global platforms that can help us find the right goods, hope surface ideas, salon photos and other ideas to their friends. this is going to be the most exciting part of it. the sideshow will be meda and the price point. it is below that of the proactive $

amazon's cloud segment, aws, grew 12% last quarter. take a look at microsoft's cloud business, azure, it grew 27% amazon is actually losing share in real life, if you look at data i know people have feelings about it, too. they feel that amazon is ubiquitous, hard to compete with, et cetera. realistically this is not a traditional monopoly we are not talking about turn of the century guilded age stuff type here. >> stephanie, when we talk about an ftc case regarding one of the tech giants and, remember, we've talked about a number of issues with the government going after big tech over the last handful of years, i find that investors that i ask often yawn. shareholders always suggest, it is what it is. it's political it'll be a fine. no big whoop is that the way you feel today >> exactly i think the stock will be volatile since it's up 51% year to date. it's not exactly cheap it's cheaper than it's been, but it's not cheap you have higher interest rates, so that's going against growth in tech. this will take years, that's number one nu

plus — amazon in the crosshairs.ulators take aim at the tech giant, accusing it of adopting anti—competitive strategies. hello and welcome to asia business report. i'm arunoday mukharji. to asia business report. we begin in michigan, where the us president has made a historic visit to a picket line of auto industry workers. while us lawmakers 7 and presidential candidates 7 frequently appear at strikes to express solidarity with american workers, it is considered unprecedented for a sitting president to do so. biden�*s visit comes a day before his would?be challenger, donald trump, is due to arrive. there's concern that the strike targeting three major us car companies could dent growth in the world's largest economy. still, the us president backed the striking workers�* call for a 40% pay raise, telling them they deserve a "lot more" than they are getting. you deserve the significant raise you need, and other benefits. get back what we lost, 0k? it's about time they step up for us. wall street didn't build the count

geoff: amazon calls this lawsuit, quote, "wrong on the facts and the law in a -- amazon calls this lawsuite, "wrong on the facts and the law." in a statement, it further says if the ftc gets its way, the result would be fewer products to choose from higher prices. slower deliveries for consumers and reduced options for small business is the opposite of what antitrust law is designed to do. how does the ftc characterized amazon as a monopoly when, according to government data, the company accounts for less than a third of total e-commerce sales in the u.s. over the last four quarters and has the thinnest operating margins of its big tech peers? john: well, what you have to do to really understand the way the amazon competes and the way that hymns on stamps out competition. look at who amazon competes closest against. so in some vague sense, it may be true that everybody competes with everybody. but that's really not what you want to understand. if you wanted to understand how these markets work, and how these markets work is the amazon competes closest against other online superstars. big o

for example, in the amazon we have this amazon forever umbrella program, which is basically want to get the financing, either we have amazon bonds or other type of financing we want to bring, we to think about how to help countries to have the projects they need. we want to be able to let the countries of the amazon have ths coordination. as ajay say, this is an holistic it's about the people. it's about the cities, because there are cities there. it is about the economy. you have to offer something different. in the caribbean, it is about resilience. let me give you an example. we just had a hurricane in the bahamas. the cost was 26% of gdp. >> 26% of gdp? >> gdp. and that's just one example. we are having more natural disasters with larger costs. thinking about resilience, thinking about how can we help this region, is fundamental. can we do it in terms of building more resilience? can we have financing that gives some insurance? we are going to think about the systemic risk for disasters together. one institution can think about the cat bonds, the catastrophe bonds. other institution

so what do you think, is amazon guilty? look, i think be _ think, is amazon guilty?other— think, is amazon guilty? look, i think be another black - think, is amazon guilty? look, i think be another black i - think, is amazon guilty? look, i think be another black i on i i think be another black i on the ftc, because as we continue to see with big tech, ijust don't believe from an antitrust perspective they'll be able to get this over the goal line. i think the view is the bark will be worse on the bite dust in the bite. �* be worse on the bite dust in the bite-— be worse on the bite dust in the bite. �* ~ ., ., , , the bite. but amazon is 'ust so rolific the bite. but amazon is 'ust so prolific and i the bite. but amazon is 'ust so prolific and dominant. _ the bite. but amazon isjust so prolific and dominant. looking| prolific and dominant. looking at it from a layman puzzle in point of view, you can see why the regulators are going after them, can't you? h0 the regulators are going after them, can't you?— the regulators are going after them, can't you? no doubt, but

how do you see this case ending with a victory for the government or for amazon? i look at the stock price of amazon since the suit was filed, hasn't gone down very much. i haven't seen any expert who rates very high the chances of this case prevailing . as i say, lina khan has not really looked for big wins in her cases. she's looking to make a record that big tech is getting away with too much and we need to change legislation to get after it. so her real game is to have congress do something good luck with that. that's been a long time effort . yeah, well, she's hoping for a big democratic sweep in 2024. you know, donald trump gets wiped out and joe biden wins. and the democrats take both houses of congress, you know, finally doing these things becomes possible. it would be terrible. you know, for these big companies that lead the world in these categories that are one of america's greatest triumphs. but it's what some in congress want to do. all right, holman, thanks so much for being here. when we come back, the retail theft rampage. rage gets worse as target

makes a sale on amazon makes $2.00 on amazon, amazon, the company gets a full dollar from that because of all of these different ways that they see that the, uh, the speeds and the way that they try and get advertising to the film and center. so it's a very big, very complicated case for it's part amazon. officials come out and said this case is wrong on the facts and football and said amazon is the reason why e commerce is growing and that it keeps prices down for the consumers. it is going to be a very big as you mentioned, the landmark case. this is really a bigger thing and divide investors and he came into office and he said, we're going to go after big tech because we think that they fall under these monopolies statues, the writ around for decades. i. so you see the f gc, the federal trade commission, which is pretty much the united states government's biggest business right there. they've gone after meadows. this parent company is facebook tried to break them up listing the justice department is right now down the street. us doing google for anti trust violations, a legit antitr

shop on amazon.at appeared to be the lowest prices, but they may not be the lowest prices possible, just what they are seeing. so it can be deceptive, if what the ftc is claiming is true. people go to amazon, and i hear this a lot, it is famous lowest prices, you just showed an interview where he said that. the question is going to be, how are those lowest prices actually happening? and is it hurting us? >> understood. i think it will be keeping you and people on your beat pretty busy, sarah. thanks for sharing some of your reporting. thanks for joining us tonight. >> thanks for having me. secondly, sarah morrison, we appreciated that does it for us, that is our time. the readout with joey reed is up next. e*trade from morgan stanley. i never knew your cat was so cuddly. right, she really loves these delectable squeeze up treats. deliciously, de-lick-able delectables. you're hilarious. delectables squeeze up. ♪ deliciously de-lick-able delectables ♪ detect this: living with hiv, i learned i can stay

it is still an amazing time to build here at amazon.ithin our models are going to be great as well. it is about customers choosing the right tool for the job. caroline: talking about choice, i want to welcome our tv audiences. while anthropic took change from google already come i'm interested as to how you feel that is perhaps a concern for you are not, the relationship that anthropic already has with a previous provider. adam: we felt great with the relationship with anthropic. i think dave's announcement just makes it a deeper and longer-term. anthropic will use aws as primary cloud provider for mission-critical workloads, including building foundation models and doing ai safety research. we will run the majority of its workloads on aws. with full great about being able to provide the capacity and expertise. --we feel great about being able to provide the capacity and expertise. we for great about working with anthropic to make sure our training and technology, our chips are as cutting edge as possible going forward two years to come

amazon tax, which is ultimately passed along to consumers. because of amazon's reach the f d c. so sellers have little choice but to pay. and it says amazon is also inflating prices of goods because if so, sellers sell their products for less. another platform. the allegation is, amazon basically makes their listing disappear and its site. we are influenced by only from those that do everything that amazon tells me to do and pay whatever that whatever amazon tells them to pay. amazon is design any wrong doing. the case is expected to take years to work its way through the courts, but experts say it could have a huge impact on the company. if they lose, i think a break up is on the table. it is one of the things that they have to see is asking for, but there's all range of outcomes that are possible and including simply borrowing amazon from the various practices that this lots are just complaining about. this is all part of a promise from the biden and ministration to take on the big tech, the f t. c is also suing meta, the parent company of facebook. the justice department is i

in the lawsuit it says for some sellers 50% of revenue goes to amazon. amazon is fighting this.t's a huge chunk and rising, so it is obviously the case than amazon is often. we know amazon has met with the ftc, has not done anything since it's met with the ftc and its fighting tooth and nail. the complaint does not ask for specific remedies, but it mentions structural relief and that means divesting and asset or breaking up a business. you're going to hear in just a minute but i'll give you polar alert, she does not call for breaking up amazon or solicit we say that it's going to be broken up. she is restoring competition to the market on top of requiring amazon to hold those kinds of tactics. haidi: the biden ftc has a record of success that is mixed, so what are the chances against amazon? >> she has been preparing this since her student days. she wrote an article in 2017 which was only six years ago that used amazon is a test case for a reimagining of antitrust environment in the united states. so everyone in the antitrust sphere and big tech companies have been waiting for t

and when we think about amazon and amazon web services, it's been a great channel for both organizationstner of the year because of the success we've had with them, and because the technology is helping prevent these cloud attacks. and that's one of the areas that i talked about on the conference call, how fast our cloud business is growing. almost 300 million in cloud. and that's really the new frontier. and we're really pioneering being able to identify and stop the threats and partners with aws to make that happen. >> on the other side, you mentioned for instance, a leading residential construction manufacturer needed you. and the first thing i thought of there, i don't want to be too naive, oh, come on, why would a leading residential construction manufacturer be worried about being hacked. but the answer is the opposite. everyone should be worried about being hacked. >> absolutely everyone. and in particular, whether it's big, small companies, public or private, they have to worry about it. for a few things. one, it's a massive impact to a business if you have a hack. data theft or

amazon's share price fell on the news, but is still up year to date.e is the latest in a wide ranging effort in washington to rein in the power of big tech and the fourth targeting amazon directly. this new case is expected to take years to work its way through the courts. and while the ftc says it's seeking an injunction blocking amazon's, quote, unlawful conduct, it also raised the specter of a restructuring. this information of 6 big social networks. it examined over 6000 unique social media posts, tick—tock, x, and youtube. which are deemed particularly at risk to disinformation due to elections or proximity to the disinformation due to elections or proximity to the war disinformation due to elections or proximity to the war in ukraine. let's zoom in on a company nearly everyone uses to search the web. google is marking its 25th anniversary at a time when the tech sector is being disrupted by the widespread roll? out of artificial intelligence. platforms like chatgpt have been dubbed the �*google killer�* because of their ability to answer user que

but it’s about the amazons.ugh men for mobilization in ukraine , and how would we prepare women. look what ukrainian fighting women we have. we , from the amazons, are all automatic in our hands, of course, if you look at women's calls , it is monstrous not that there a man disappears at a fractile age, they consider it monstrous, that the generation that is 16 years old today is 14 - if they are sharpened for war, and then the girls are sharpened for war, then this is really a genocide of the ukrainian people, very deeply hidden and thought out. but this is a direct order that there was no population here. absolutely true. eh, and the most important thing here is that they build identity, and this is one of thousands of methods. they have a lot of history. yes, there are ancient criminal codes now. if you don’t like bandera, for example, yes, come on, amazon, unique in touch with the studio. now the story to alexander wide good morning to you. hello alexander borisovich but, do you think the amazons were mythic

and now amazon is fighting back. this morning, a groundbreaking lawsuit, the federal trade commission and 17 states are suing amazon, claiming the online retail giant has created a monopoly. they're claiming that amazon punishes vendors if they offer their products for a lower price on a competing website. >> they also are forcing or allegedly forcing these vendors to use their login sticks. they're warehousing, they're shipping. >> and the suit claims amazon deters rivals and punishes sellers from lowering prices on other sites by making them invisible in search results the $1.3 trillion company is accused of prioritizing search results for its own products and coercing sellers to use amazon's fulfillment service. nicholas parks is the president of snob foods.com and has been selling on amazon for 21 years. >> we have to more than double our prices in order to compensate for all the fees in order to break even. basically, it's created a very difficult retail market for anybody in the retail business. >> amazon firin

ftc is suing amazon in an antitrust take case . it's the for suit filed this year targeting amazon.he chair told us the company is exploiting its power in a way that harms customers. >> ultimately amazon has pursued these tactics to deprive attentional competitors of the ability to build the scale and momentum needed to effectively compete online. our complaint details how amazon is now exploiting its monopoly power in ways that harm customers. haidi: let's bring in bloomberg's antitrust reporter. talk us to the complaint and what the ftc is alleging. guest: the ftc and seven key states sued amazon alleging it has been monopolizing online marketplace services. that is websites on which third-party sellers can sell their goods. the ftc says that various tactics that amazon has engaged in have raised prices on sellers so much that they pay amazon one out of every two dollars they make and this has raised prices on consumers not just on amazon's website but all across the internet. shery: amazon is denying this. are they saying? guest: amazon says that it seeks to offer the best prices

amazon under fire.g the company for illegally maintaining a monopoly power our senior washington correspondent eamon javers joins us now with the details. >> reporter: hey there, melissa. the federal trade commission filed an anti-trust lawsuit against amazon this morning. they are alleging that the tech company has used interlocking, quote, anti-competitive and unfair strategies to illegally maintain monopoly power. now, the ftc was joined in the suit by 17 state attorneys general. they say amazon's actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, and stifle innovation the suit represents one of the biden administration's most sweeping and aggressive moves to date to break up what it sees as consolidated power in the hands of the tech giants the administration hopes this will both lower prices through new competition, and spark new innovations that will help the economy. the ftc says amazon's alleged schemes impact hundreds of billions

besides amazon but we're hooking up with amazon to make it cheaper.verrun by events since 2017. i think it smacks more of fiction than of fact. >> the market is correcting outsideover of their complaints >> her complaints are steal. >> and lina khan would dispute that s that. >> i hope so. >> and he obviously answered questions about the strength of her case on "squawk box." take a listen. >> we're focused on bringing cases we believe we can win. we bring cases when we believe there's a law violation, and if we believe there's a law violation, we're going to fight. of course things don't always go our way, and when we suffer setbacks, we look at the decisions closely and figure out, you know, steps forward. but we think this is an enormously strong lawsuit on the merits and are looking forward to explaining to a judge how amazon has violated the u.s. antitrust laws. >> that's a broad explanation. that was an answer to joe's question, do you just go after companies because they're big and successful. >> right. well, i do find that you have to deal with

the in fact, 80 percent of kids lens and the brazilian amazon phone my populated by castle. these are legal, psalms are situated within the through low territory in the state of rome. daniel finished using last battle, caulked, i don't dad, louise spelling. but if i jingle kind of reason why is that that hinge get, get, want this i, i just want them best to know the video on brand that de been in l. a. g skin i'm confident. know that video conference i got lucky for so god being laid down. j b. s did not reply to my requests for an interview or a statement, but in response to send the claims and the brazilian media in 2021. it said it had no tolerance for illegal deforestation. forced labor misuse of indigenous lands or violations of environmental involved goes. the company also cited blog to move in 14000 supply iphones for 5 years to comply with policies and standards. and we will continue to take additional actions as warranted. those indigenous activists didn't just claim to meet produces. they also point the finger bias and consume is elsewhere in the world. you support

amazon tried to have her recused. turned that down but there's a history here with this company from lena khan. >> right it goes back to her yale law school days. she has sort of had her eye on amazon and a lot of it rests on that prime flywheel. this is the way amazon works that's why it's able to be in so many different businesses. the e-commerce side isn't very profitable but they have cloud that is profitable and pays for all these other acquisitions and things they're trying to do. it's been so interesting to see when we look back at what the company has accomplished even when they sort of had a target on their back from lena khan they've actually done bigger deals than ever. and that could prove interesting in the upcoming lawsuit. we'll have to see how it's laid out, what it take aim at but everything revolves around prime. >> and how they define market share will be interesting, too thank you, deirdre deirdre bosa >>> up next, the ceo of redfin on home buyers getting cold feet more than 15% of pending sales we

amazon said the lawsuit was "wrong on the facts and law".new york here's our corresepondent erin delmore. it's a case that has been in the works for years under the watchful eye of ftc chair lina khan, who made her name in the antitrust world with a blockbuster 2017 legal paper detailing amazon's monopoly footing. on thursday, khan's ftc struck its widest blow against amazon, a sweeping lawsuit alleging the company stifled competition in its online marketplace. 17 statesjoined in. the lawsuit challenges a bunch of amazon's business practices, including prioritizing its own products in search results ahead of ones by third party sellers, and anti discounting measures that ensured sellers list their lowest prices on amazon, and requiring sellers to use amazon's network of delivery services as a condition of being included in its popular prime subscription service. rivals, according to the ftc, just couldn't compete. but amazon rejected those accusations, saying that the low prices and fast delivery that customers enjoy are thanks to those very