EU says Amazon breached antitrust rules, opens second investigation into its e-commerce business

Products You May Like

This illustration picture taken on July 24, 2019 in Paris shows the logo of the US online store application Amazon on the screen of a tablet.

MARTIN BUREAU | AFP | Getty Images

LONDON — The European Commission has concluded that Amazon breached European rules by using independent sellers’ data for its own benefit.

It also announced Tuesday a second investigation into the company’s e-commerce processes.

The decision comes after the Commission, which is the executive arm of the European Union, launched a probe into the online retailer in July 2019 on the back of concerns over anti-competitive behavior.

“Data on the activity of third-party sellers should not be used to the benefit of Amazon when it acts as a competitor to these sellers,” Margrethe Vestager, the EU’s competition chief, said in a statement.

Amazon declined to comment when contacted by CNBC on Tuesday.

Amazon will have now the chance to examine the Commission’s conclusions and reply in writing or via a oral hearing.

This is a breaking news story and it is being updated.

News

Products You May Like

Articles You May Like

Interpol Seized $130 Million from Cybercriminals in Global “HAECHI-III” Crackdown Operation
WhatsApp Contact Cards Sharing Feature Rolling Out on Windows Beta App: Report
New Flaw in Acer Laptops Could Let Attackers Disable Secure Boot Protection
Tesla recalls more than 80,000 cars in China over software and seatbelt issues
Elon Musk Calls Donald Trump’s Twitter Ban ‘Grave Mistake’, Condemns Violence

Leave a Reply

Your email address will not be published. Required fields are marked *