Title European Commission cracks down on Amazon, finding e-commerce giant breached anti-competition rules Degree of recognition International Media name/outlet Smartcompany.com.au Media type Web Country/Territory Australia Date 11/11/20 Description An investigation by the European Commission has come to a preliminary conclusion that Amazon has breached antitrust rules in the EU by distorting competition in online retail markets.
The commission — the executive legislative branch of the European Union — found Amazon relies heavily on the non-public data of the independent sellers on its platform, using that data to benefit its own retail business, which directly competes with them.
Essentially, it has the ability to collect data from small businesses, only to use it against them.
In a statement, European Commission executive vice president Margrethe Vestager, who heads up competition policy, said dual-role platforms such as Amazon hold significant market power.
Amazon both owns the marketplace and sells its own products on it as a retailer.
Therefore, it’s important it doesn’t distort competition.
URL https://www.smartcompany.com.au/business-advice/legal/european-commission-amazon-anti-competition/ Persons Jana Bowden