ACCC to probe Ebay, Amazon, Catch and Kogan as they gain market power

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The Australian Competition and Consumer Commission is set to examine concerns around whether the platforms use their dominance and data to squeeze sellers and consumers

Ebay, Amazon, Catch and Kogan are in the ACCC’s cross hairs, with the competition watchdog launching a probe into online marketplaces.

While Amazon was “still pretty small in Australia”, Mr Sims said online marketplaces were growing quickly and had boomed in the wake of COVID-19, with Australia’s biggest retail sites used by more than 12 million people every month to shop and sell goods. “We want to make sure we’re well ahead of those issues because once they get away from you, they’re very hard to pull back,” Mr Sims said.

“The third party seller and potential pricing issues have become big issues overseas and there has been a lot of focus on those in various places and so that’s why we want to get ahead of those,” Mr Sims said.with damaging retail competition, alleging that the US company uses its size, power and data to gain an unfair advantage over smaller merchants that sell on its online platform.

 

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snip; 'and data' , 'and ** YOUR ** data '

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