AMZN Jan 2024 2950.000 put
| Previous close | 704.95 |
| Open | 704.72 |
| Bid | 689.65 |
| Ask | 705.55 |
| Strike | 2,950.00 |
| Expiry date | 2024-01-19 |
| Day's range | 704.72 - 704.95 |
| Contract range | N/A |
| Volume | |
| Open interest | 79 |
Yahoo FinanceFTC files antitrust suit against Amazon, alleges retail site is illegal monopoly
The FTC and 17 state attorneys general filed an antitrust suit against Amazon on Tuesday, alleging the company operates an illegal monopoly.
- Yahoo Finance Video
What Amazon's up to $4B commitment to Anthropic could mean for AI space
Amazon (AMZN) has made an investment in the AI firm Anthropic, announcing their willingness to commit up to $4 billion this morning. Anthropic will utilize Amazon's Web Services (AWS) along with their custom chips to facilitate the training and deployment of their AI models. SmartEye Deputy CEO, Dr. Rana el Kaliouby, sees this as a beneficial move for both Anthropic and Amazon, highlighting how it allows Amazon Web Services to partner with other companies and introduce Anthropic's technology to those already using Amazon's data services. "Amazon, like many other companies, was caught flat-footed by the release of ChatGPT back in November", Chris Callison-Burch, Associate Professor at the University of Pennsylvania’s School of Engineering, tells Yahoo Finance on AI investment trends, adding: "But, I think this is a really excellent strategic move that will help them catch up." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Financial Times
FTC lawsuit accuses Amazon of wielding monopoly power over online retail
The Federal Trade Commission has accused Amazon of wielding monopolistic control over online markets used by shoppers and sellers in a landmark lawsuit for chair Lina Khan. The case brought by the FTC and 17 state attorneys-general said Amazon used “a set of interlocking anti-competitive and unfair strategies” to maintain monopoly power. Its manoeuvres allegedly stopped competitors and sellers from lowering prices and allowed Amazon to reduce quality for shoppers and overcharge sellers while quashing innovation and competition, they said.
