Amazon to make big business changes in EU settlement

📆 20/12/2022 17:00:00
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Amazon has agreed to make major changes to its business practices to settle antitrust investigations that found the ecommerce giant gave itself an unfair advantage over rival merchants, European Union regulators said Tuesday.

FILE - The Amazon logo is seen in Douai, northern France, April 16, 2020. Amazon said Wednesday, Nov. 30, 2022, that it had its biggest Thanksgiving holiday shopping weekend, aided by a record number of consumers looking for deals online amid high inflation.

The company also pledged to stop using “non-public data” from independent sellers on its platform to provide insights into its own products to compete against those merchants. Amazon also agreed not to discriminate against sellers in its Prime membership service and let Prime members freely choose any delivery service.

“We are pleased that we have addressed the European Commission’s concerns and resolved these matters," Amazon said in a prepared statement.

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