The European Commission assumes that Amazon violates EU antitrust rules.
Amazon violates antitrust regulations according to the EU Commission. Non-public business data from independent traders on Amazon Marketplace are systematically used for the company’s own retail business. This was announced by the EU Commission on 10 November 2020. This concerns the number of products ordered and delivered, the revenues, the number of calls for offers, the shipping data, the activity of the sellers so far and the guarantees used. This data flows directly into the store’s automated systems, where it is aggregated and used for Amazon’s end-user offerings and strategic business decisions. In addition, a second formal antitrust investigation was initiated to examine whether Amazon gives preferential treatment to its own offers and offers from vendors using Amazon’s logistics and shipping services. Commission Executive Vice-President Margrethe Vestager, responsible for competition policy, stated: “Data on the activities of independent sellers should not be used by Amazon for its own benefit when the company competes with these sellers. The rules should not artificially favour Amazon’s own offers or the offers of sellers who use Amazon’s logistics and shipping services” Electronic commerce is booming and Amazon is the leading platform in the field In the USA, Amazon belongs to a group of corporations that are audited by the House Judiciary Committee. The Department of Justice and the Federal Trade Commission have also initiated antitrust proceedings against Amazon.
Read the original article here.