Just because a company is successful and dominates a market (or even several markets) doesn’t mean it’s violating any antitrust laws. Meanwhile, the renewed scrutiny from the FTC about alleged anti-competitive behavior from AWS, which represents a significant and largely invisible source of Amazon’s profits, could threaten Amazon’s long-term dominance in a number of industries. It’s the bill that would affect the company the most, and the one it has been fighting hardest against. The Senate bill, one of several bipartisan antitrust bills in Congress, would prohibit Amazon from giving its products preferential treatment, among other things. It’s clearer now than ever that Amazon, which was allowed to grow mostly unhindered for more than two decades, is caught in the middle of an international effort to check Big Tech’s power. This follows reports that the Federal Trade Commission is ramping up its years-long antitrust investigation into Amazon’s cloud computing arm, Amazon Web Services, or AWS. The Senate Judiciary Committee has announced it will soon be marking up the American Innovation and Choice Online Act, an antitrust bill targeting Amazon and other Big Tech companies. On the heels of yet another year of record sales, Amazon is dealing with a couple of unwelcome updates in the new year. Over the next few weeks, we’ll cover what’s happening with Apple, Amazon, Microsoft, Meta, and Google. This story is part of a Recode series about Big Tech and antitrust.

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