Bloc filed antitrust lawsuits against the American e-commerce giant.
European Union regulators have filed antitrust lawsuits against Amazon, accusing the e-commerce giant of using data to gain an unfair advantage over merchants using the platform.
The European Union executive committee said it disagreed with Amazon’s systematic use of non-public business data in e-commerce services in France and Germany, the company’s two largest markets in the European Union, to avoid “the normal risks of competition and leverage your domain. ” The European Union began investigating Amazon in 2018 and has focused on its dual role as a market and retailer.
In addition to selling its own products, the North American company allows third-party retailers to sell their goods through its website. Last year, more than half of the items sold on Amazon worldwide were from these outside merchants.
Executive Vice President Margrethe Vestager, EU commissioner in charge of competition, said that it is not a problem that Amazon is a successful business, but “our concern is very specific business conduct that appears to distort genuine competition.”
What Amazon says
Because of the European Union’s accusation, Amazon can be fined up to 10% of its annual worldwide revenue. The company rejects the charges.
“We disagree with the European Commission’s preliminary statements and will continue to make every effort to ensure that you have an accurate understanding of the facts,” the company said in a statement. Under European Union rules, Amazon can respond to the accusations in writing and bring the case to a hearing.
Vestager also opened a second investigation on Amazon. The European bloc wants to know if the company favors its own products and those of third parties that use its logistics and delivery services. This is the European Union’s latest effort to restrict the power of large technology companies, following a series of multi-billion dollar antitrust fines against Google in previous years.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
The Director Ioannis Ntizoglou has a vision: FREE News for everyone! No agenda and always the Real News in Manchester. Daily Manchester News, Manchester Day News, Manchester Evening News and Manchester Night News. The daily News you will see and read here are not fake news.
DailyManchester.co.uk doesn’t support any political party and this is one of the reasons everyone can trust our stories.