EU files antitrust ruling against Amazon


Amazon has been hit with another antitrust ruling after European Union regulators decided that the e-commerce giant leveraged data access to distort completion. The charge, if upheld, could result in a fine of as much as 10% of Amazon’s annual worldwide revenue.

Because Amazon is both a marketplace and a retailer, it can harvest data from other sellers to inform its own business decisions – a luxury not available to other merchants. When EU investigators looked across Amazon’s product listings, they found real-time, granular business data on third-party products being fed into Amazon’s own retail algorithms.

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