Amazon Avoids Immediate Injunction Over Pricing Practices

A California judge has tentatively rejected the state's request to halt Amazon's pricing practices that allegedly pressure rival retailers into raising prices. The ruling does not decide on Amazon's liability, but it gives the e-commerce giant some breathing room until a final injunction hearing. According to the court, evidence from 2023 may not be enough to prove that Amazon's disputed practices are still ongoing today.

The antitrust battle between California and Amazon is set to head to trial in January, where the state will try to show that Amazon's marketplace rules inflate prices across the internet. Despite the legal risk, investors seem confident in Amazon, with its stock sitting 7.91% above its $246.57 GF Value estimate.