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

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

Articles You May Like

Samsung Galaxy S23, Galaxy S23+, Galaxy S23 Ultra Price in India Revealed: All Details
Activision Blizzard Agrees to Pay $35 Million to Settle Workforce Allegations
Twitter Makes First Interest Payment to Banks on Elon Musk’s $13 Billion Buyout Loan
TikTok CEO to Testify Before US Congress in March Amid Increased Scrutiny Over Security Concerns
Shah Rukh Khan-Led Pathaan Collects Rs. 250 Crore Within First Five Days

Leave a Reply

Your email address will not be published.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