U.S. sues Amazon in a monopoly case that could be existential for the retail giant

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Amazon delivery trucks are parked in Richmond, Calif., on June 21. Justin Sullivan/Getty Images

Justin Sullivan/Getty Images

U.S. regulators and 17 states sued Amazon on Tuesday in a pivotal case that could prove existential for the retail giant.

In the sweeping antitrust lawsuit, the Federal Trade Commission and a bipartisan group of state attorneys general paint Amazon as a monopolist that suffocates competitors and raises costs for both sellers and shoppers.

The FTC, tasked with protecting U.S. consumers and market competition,

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