U.S. regulators and 17 states are suing Amazon over allegations the e-commerce behemoth abuses its position in the marketplace to inflate prices on and off its platform, overcharge sellers and stifle competition.

The lawsuit is the result of a years-long investigation into the company's businesses and one of the most significant legal challenges brought against it in its nearly 30-year history.

ABC Technology Reporter Mike Dobuski joins Kim Shepard to consider the implications.