Amazon Is a Giant. But Bigness Isn’t a Crime.

The company’s scale worries critics, but antitrust law punishes conduct, not size.

It’s valued at $1 trillion and run by the world’s richest man. Critics—ranging from rising legal stars to President Donald Trump—have suggested it uses its enormous scale to unfairly crush competition. Is it time for a breakup at Amazon?

In the past week alone, the question has come up more than once. On Monday, in a note to clients, Citi Research suggested that Amazon split into two companies to avoid antitrust scrutiny. Two days later, European Union antitrust authorities said they’d opened a preliminary investigation into...