02:50 PM EST, 01/28/2025 (MT Newswires) -- US Federal Trade Commission discussed Amazon's ( AMZN ) pricing policies with representatives from PDD Holdings' ( PDD ) e-commerce platform Temu, The Information reported Tuesday, citing people familiar with the matter.
The questioning comes after reports that Amazon ( AMZN ) penalized merchants for selling products at cheaper rates on the platform. Amazon ( AMZN ) is also facing an antitrust lawsuit from FTC for alleged price manipulation.
Amazon ( AMZN ), Temu and the FTC did not immediately respond to MT Newswires' requests for comment.
Amazon ( AMZN ) shares were up 1.7% in recent trading, while PDD was down less than 1%.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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