European Union Files Antitrust Charges Against Amazon

LONDON (AP) — European Union regulators have filed antitrust charges against Amazon , accusing the e-commerce giant of using data to gai...


LONDON (AP) — European Union regulators have filed antitrust charges against Amazon, accusing the e-commerce giant of using data to gain an unfair advantage over merchants using its platform.

The EU’s executive commission, the bloc’s top antitrust enforcer, said Tuesday that the charges have been sent to the company.

The commission said it takes issue with Amazon’s systematic use of non-public business data to avoid “the normal risks of competition and to leverage its dominance” for e-commerce services in France and Germany, the company’s two biggest markets in the EU.

The EU started looking into Amazon in 2018 and has been focusing on its dual role as a marketplace and retailer.

In this Thursday, April 16, 2020 file photo, a logo at the entrance of Amazon, in Douai, northern France. (AP Photo/Michel Sp



In this Thursday, April 16, 2020 file photo, a logo at the entrance of Amazon, in Douai, northern France. (AP Photo/Michel Spingler, File)

In addition to selling its own products, the U.S. company allows third-party retailers to sell their own goods through its site. Last year, more than half of the items sold on Amazon worldwide were from these outside merchants.

Amazon faces a possible fine of up to 10% of its annual worldwide revenue, which could amount to billions of dollars. The company rejected the accusations.

“We disagree with the preliminary assertions of the European Commission and will continue to make every effort to ensure it has an accurate understanding of the facts,” the company said in a statement.

The company can, under EU rules, reply to the charges in writing and present its case in an oral hearing.

It’s the EU’s latest effort to curb the power of big technology companies, following a series of multibillion dollar antitrust fines against Google in previous years.



Source link

COMMENTS

Name

Africa,700,Americas,3685,Art & Culture,13823,Arts,6223,Arts & Design,1474,Asia,3042,Automobile,399,Baseball,484,Basketball,377,Books,3631,Business,5040,Celebrity,2526,Cricket,521,Crime,94,Cryptocurrency,1263,Dance,564,Defense,738,Diplomatic Relations,2403,Economy,966,Editorial,260,Education,1072,Elections,287,Energy & Environment,2911,Entertainment,21571,Environment,3376,Europe,3947,Faith & Religion,180,Family & Life,707,Fashion & Style,2987,Finance,18235,Food & Drink,3487,Football,998,Games,55,Gossip,10147,Health & Fitness,3801,Health Care,754,Hockey,165,Home & Garden,806,Humour,829,Latin America,49,Lifestyle,15604,Media,427,Middle East,1362,Movies,1555,Music,2408,Opinion,2514,Other,10625,Other Sports,4784,Political News,11031,Political Protests,2192,Politics,16840,Real Estate,1639,Relationship,59,Retail,3005,Science,2358,Science & Tech,9192,Soccer,135,Space & Cosmos,251,Sports,10862,Technology,3207,Tennis,489,Theater,1504,Transportation,233,Travel,2406,TV,3430,US Sports,1339,Video News,3531,War & Conflict,929,Weird News,928,World,14935,
ltr
item
Newsrust: European Union Files Antitrust Charges Against Amazon
European Union Files Antitrust Charges Against Amazon
https://img.huffingtonpost.com/asset/5faa862d240000343961f6c3.jpeg?cache=muu2lfbl6e&ops=1778_1000
Newsrust
https://www.newsrust.com/2020/11/european-union-files-antitrust-charges.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2020/11/european-union-files-antitrust-charges.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content