Here's Why I'm Buying More Amazon Stock Despite the FTC Lawsuit

By Neil Rozenbaum – Updated Sep 27, 2023 at 4:16PM

NASDAQ: AMZN

Amazon

Market Cap

$2,011B

Today's Change

(-2.33%) -$4.60

Current Price

$193.25

Price as of June 28, 2024, 4:00 p.m. ET

The FTC sues Amazon for illegally maintaining a monopoly. I believe the claims are laughable.

In this video, I will explain why I believe the FTC's lawsuit against Amazon (AMZN -2.33%) is laughable and why I am buying this dip.

*Stock prices used were from the trading day of Sept. 26, 2023. The video was published on Sept. 27, 2023.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Amazon.com. The Motley Fool has positions in and recommends Amazon.com. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.