Amazon charged with market abuse in Germany and France. A huge fine could follow

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The EU has unveiled formal antitrust charges against Amazon, alleging the company is unfairly using data from independent sellers.

Margrethe Vestager, the European Commission's top antitrust official, said on Tuesday that an investigation found that Amazon may have illegally abused its dominant position as a marketplace service provider in Germany and France, the company's biggest markets in the European Union.Amazon used non-public seller data to feed into its own retail algorithms to decide what new products to launch and the price of each new offer, Vestager said.

The Commission has been looking into agreements between Amazon and independent retailers, and whether data from sellers is being unfairly used by the e-commerce giant, which also sells its own products.The Commission said on Tuesday that its preliminary view is that Amazon has breached EU antitrust rules, but that its investigation must be completed before any penalties are imposed.

 

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These big tech companies are getting more powerful every year basically monopolies...

Good straighten em out if they do it there they do it here

What is this?

Bruhhhhhh

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