Amazon could soon have another problem on its hands. According to Bloomberg, New York attorney general Letitia James is partnering with her counterpart in California and the Federal Trade Commission to investigate the online retailer. Bloomberg reports the three agencies will work together to interview witnesses over the next couple of weeks.
We knew the FTC and attorney general of California were investigating Amazon before today's report. But the addition of New York's AG and the fact it's working together with the two other agencies represents an escalation. According to Diana Moss, the president of the American Antitrust Institute, the move could also be the prelude to significant antitrust action.