@NPR — #Amazon Faces #Antitrust Charges From European Regulators

Washington, D.C. (All Tech Considered) — Amazon Faces Antitrust Charges From European Regulators.

EU accuses Amazon of exploiting data collected from other sellers for its own benefit. These are the first formal charges against the retail giant in a spate of antitrust probes in Europe and the U.S.

European Union officials are accusing Amazon of breaking EU antitrust rules by exploiting the data it collects from other sellers on its platform for its own benefit. These are the first formal charges against the tech and retail giant in a spate of antitrust investigations around the world.

The commission, EU's top antitrust enforcer, said it's also opening a second antitrust investigation to focus on how Amazon selects sellers to feature in its “buy box,” a prominent display that “generates the vast majority of all sales,” according to the commission. The EU will investigate whether Amazon “might artificially favour its own retail offers and offers of marketplace sellers that use Amazon's logistics and delivery services.”

Source: npralltech, full story

 

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