Amazon's deal with Apple to sell its products directly could be illegalWhat you need to know
The Amazon-Apple reseller deal may violate antitrust laws.
The FTC is reportedly interviewing people affected by the deal.
One antitrust expert says the deal could violate laws that deal with price-fixing and illegal market allocation.
The deal could violate antitrust laws.
When Amazon announced a deal with Apple last year to directly sell Apple products on its website, it seemed like a huge win for consumers, because it addressed a problem surrounding counterfeit foods. According to a report from The Verge, however, the deal might not exactly be legal.
Apparently, the deal between Amazon and Apple also meant kicking some legitimate resellers off Amazon's Marketplace platform. Now, the FTC is reportedly investigating the deal for violating antitrust laws.
Speaking with Sally Hubbard, an antitrust lawyer, The Verge's report explains the issue at hand:
You're not allowed to agree with another firm to set a floor on your pricing, she says. When you have the...
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Amazon's deal with Apple to sell its products directly could be illegal
