The lawsuit, filed by Attorney General Karl Racine’s office, accuses Amazon of controlling nearly 70% of e-commerce sales, leading to high consumer prices. Holding nearly 70% of commercial sales, Amazon is sued against antitrust in the US The complaint was received by the District of Columbia Attorney’s Office, which said: “This online retail platform benefits and is protected by Amazon’s anti-competitive business practices. That leaves consumers vulnerable. do not have access to the best products at the lowest cost”. In addition, Amazon also caused prices across the entire online retail market to increase virtual prices for products sold on Amazon.com as well as on competitors’ online retail sales platforms. Also in the lawsuit, the e-commerce group used methods to prevent third-party sellers on its platform from offering products at lower prices than competitors. Amazon also responded to AFP that sellers set their own prices for the products they offer in Amazon’s stores, and this response contradicts comments made by the Justice Department. This e-commerce group also prides itself on offering the lowest prices with the best selection unlike any other online platform, so Amazon reserves the right not to attach deals to products that don’t have it. competitive price for customers. This lawsuit has Amazon possibly forced to charge higher prices on its e-commerce platform. The lawsuit is intended to block Amazon from anticompetitive practices as well as claims for damages and other penalties. According to eMarketer, Amazon’s e-commerce market share in the US in 2020 is 39.8% and will increase in 2021 to 44.1%, equivalent to the amount of 367.19 billion USD. According to statistics, Amazon’s profit in the first 3 months of 2021 reached 8.1 billion USD, 3 times higher than the same period in 2020. In 2020, the US Federal and State Antitrust Enforcement Agency filed lawsuits against Facebook and Google for allegedly dominating illegal markets.

They have innovation from auction item to auction format. They not only put on the auction floor items such as jewelry, antiques, fine art… as before. In addition, traditional auctions have also been replaced by online auctions due to the impact of the Covid-19 epidemic. Sotheby’s also said that young people are attracted to auctions of classic products, with unique designs and meaningful stories behind. Rare sneakers become hot items at auctions. Photo: Fabrice Coffrini/AFP. Last April, the company successfully auctioned Nike Air Yeezy 1s shoes once worn by Kanye West for $ 1.8 million. This is three times the previous auction record in the sneaker segment. Not stopping there, Sotheby’s continues to put on the auction floor more valuable sneaker collections. Typically, 13 pairs of basketball shoes have been worn by the greatest athletes in history NBA brought in the match, including Michael Jordan and Kareem Abdul-Jabbar. Josh Pullan, managing director of Sotheby’s luxury goods division, said sneaker shoppers are typically 20-40 years old, younger than regular auction customers. “What’s also really exciting is that over 50% of the buyers and bidders at sneaker auctions are new Sotheby’s customers. So we found this to be a great item to attract new customers to “, he commented. Kanye West’s Nike Air Yeezy 1 shoes were purchased for $1.8 million. Photo: SCMP. The record for the price of sneakers is constantly being broken. Collecting rare sneakers is no longer a small hobby as it was 10 years ago. Many top collectors have appeared and are not afraid to spend large amounts of money to own “one-of-a-kind” shoes. Sotheby’s auction house appreciates the growth potential of the sneaker market. In particular, the Air Jordan 1s are the hottest. Many designs can be auctioned for about 110,000-164,000 USD. In addition, their value increases even more if they are used by famous artists and athletes.