Amazon (AMZN) stock news
“Amazon’s business practices examined by two U.S. states.
(Reuters) – State investigators in both California and Washington are examining Amazon (NASDAQ:AMZN)’s business practices, two newspapers reported, citing people familiar with the matter.
The inquiries focus at least in part on how Amazon treats sellers in its online marketplace, the Wall Street Journal and the New York Times (NYSE:NYT) reported on Friday.
Amazon declined to comment on the report of an investigation by California. It was not immediately available for comment outside regular market hours on the Washington review report.
The reports said California state is reviewing Amazon’s practices on selling its own products in competition with third-party vendors. Amazon said its in-house products only account for about 1% of its total annual retail sales.
Washington state is also investigating whether Amazon makes it harder for sellers to list their products on other websites, the NYT reported. The inquiries did not appear to be in advanced stages, the NYT report added, citing sources.”
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On Friday, June 12, 2020, Amazon.com, Inc. (AMZN) stock price closed at
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