Cybernews
  • News
  • Editorial
  • Security
  • Privacy
    • What is a VPN?
    • What is malware?
    • How safe are password managers?
    • Are VPNs legal?
    • More resources
    • Strong password generator
    • Personal data leak checker
    • Antivirus software
    • Best VPN services
    • Password managers
    • Secure email providers
    • Best website builders
    • Best web hosting services
  • Follow
    • Twitter
    • Facebook
    • YouTube
    • Linkedin
    • Flipboard
    • Newsletter

© 2021 CyberNews - Latest tech news, product reviews, and analyses.

Our readers help us create quality content. If you purchase via links on our site, we may receive affiliate commissions. Learn more

Home » News » EU charges Amazon with distorting online retail competition

EU charges Amazon with distorting online retail competition

by Reuters
10 November 2020
in News
0
building with Amazon Logo

Amazon to remove QAnon products from platform

22
SHARES

EU regulators charged Amazon on Tuesday with distorting competition in online retail and opened a second investigation into its business practices, as antitrust chief Margrethe Vestager takes aim at another U.S. technology giant.

The European Commission has been investigating Amazon’s dual role – as a marketplace for merchants and also a rival seller – since July last year, triggered by complaints from traders about the company’s practices.

It has also looked into how Amazon uses competitively sensitive merchant data to select winners for its “buy box”, which allows customers to add items from a specific retailer directly into their shopping carts.

“We must ensure that dual-role platforms with market power, such as Amazon, do not distort competition,” said Vestager, the EU’s competition commissioner, has a reputation of being one of the world’s toughest antitrust regulators. 

“Data on the activity of third-party sellers should not be used to the benefit of Amazon when it act as a competitor to these sellers. The conditions of competition on the Amazon platform must also be fair.”

The second investigation is into the possible preferential treatment of Amazon’s own retail offers and those of marketplace sellers that use Amazon’s logistics and delivery services.

Amazon disagreed with the EU charges. 

The company can ask for a closed door hearing to defend itself. An EU decision could come next year. 

The charges come as the COVID-19 pandemic has amplified Amazon’s role in the global economy, with online sales soaring.

Under Vestager’s watch, the EU has imposed large fines on Alphabet’s Google and other companies. 

The crackdown on Big Tech’s power has also spread to the United States, where the Trump administration last month filed a historic monopoly lawsuit against Google.

(Reporting by Foo Yun Chee; Additional reporting by Radhika Anilkumar in Bengaluru; Editing by Pravin Char)

Share22TweetShareShare
Next Post
bitcoins

Crypto crime slows in 2020, but 'DeFi' hacks rise

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

Editor's choice

One of the biggest Android VPNs hacked? Data of 21 million users from 3 Android VPNs put for sale online
Security

One of the biggest Android VPNs hacked? Data of 21 million users from 3 Android VPNs put for sale online

by CyberNews Team
26 February 2021
4

A user on a popular hacker forum is selling three databases that purportedly contain user credentials and device data stolen...

Read more
A blast from the past: the finest retro PCs people use

A blast from the past: the finest retro PCs people use

26 February 2021
How this IMDb flaw gave me credit for working on Chernobyl, GOT, and other gigs

How this IMDb flaw gave me credit for working on Chernobyl, GOT, and other gigs

25 February 2021
Forget Bruce Willis. AI will protect us from killer asteroids instead

Forget Bruce Willis. AI will protect us from killer asteroids instead

24 February 2021
COMb data leak - Mother of all breaches

COMB: largest breach of all time leaked online with 3.2 billion records

12 February 2021
  • Categories
    • News
    • Editorial
    • Security
    • Privacy
  • Reviews
    • Antivirus Software
    • Password Managers
    • Best VPN Services
    • Secure Email Providers
    • Website Builders
    • Best web hosting services
  • Tools
    • Password generator
    • Personal data leak checker
  • Engage
    • About Us
    • Send Us a Tip
    • Careers
  • Twitter
  • Facebook
  • YouTube
  • Linkedin
  • Flipboard
  • Newsletter
  • About Us
  • Contact
  • Send Us a Tip
  • Privacy Policy
  • Terms & Conditions
  • Vulnerability Disclosure

© 2021 CyberNews - Latest tech news, product reviews, and analyses.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.

Home

News

Editorial

Security

Privacy

Resources

  • About Us
  • Contact
  • Careers
  • Send Us a Tip

© 2020 CyberNews – Latest tech news, product reviews, and analyses.

Subscribe for Security Tips and CyberNews Updates
Email address is required. Provided email address is not valid. You have been successfully subscribed to our newsletter!