Amazon is under the EU’s microscopic lense.
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The European Union’s antitrust regulators have actually opened an examination into Amazon. The objective is to check out whether the e-commerce huge breached the EU’s competitors guidelines with its usage of information from independent sellers. Commissioner Margrethe Vestager, who supervises of the EU’s competitors policy, stated European consumers store online for the choice and rates.
“We need to ensure that large online platforms don’t eliminate these benefits through anti-competitive behaviour. I have therefore decided to take a very close look at Amazon’s business practices and its dual role as marketplace and retailer, to assess its compliance with EU competition rules,” Vestager stated Wednesday in a declaration.
In an e-mail, an Amazon agent stated the business will comply totally with the European Commission and continue working to support companies of all sizes.
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The EU announced the investigation on the heels of Prime Day, the company’s biggest sale. While many people shopped, Prime Day also brought out a wave of anti-Amazon protests and activism over everything from climate issues to the company’s ties to US Immigration and Customs Enforcement.
Amazon and other tech giants like Facebook and Google have also come under scrutiny from Congress about potential antitrust issues.
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