Nov 10, 2020

Amazon: EU charges tech giant with breaking competition rules

Amazon rejected the charges, saying it offered consumers more not less choice. "Data on the activity of third party sellers should not be used to the benefit of Amazon when it acts as a competitor to these sellers," she added. "With e-commerce booming, and Amazon being the leading e-commerce platform, a fair and undistorted access to consumers online is important for all sellers." Amazon faces a potential fine as high as 10% of its global turnover if it is found guilty of breaching competition law - about £15bn. In a statement Amazon insisted that - far from being anti-competitive - its private-label products were good for customers and offered more choice. "No company cares more about small businesses or has done more to support them over the past two decades than Amazon."

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