Europe & UK

August 17, 2020

Germany launches new antitrust probe into Amazon


[ by Legal Era News Network ]

Amazon

Germany’s competition watchdog has begun a fresh investigation into whether the ecommerce giant Amazon is abusing its dominant market position in the country.

In an interview with the German media outlet Frankfurter Allgemeine Zeitung (FAZ), the President of the Federal Cartel Office, Andreas Mundt, said the country is probing Amazon’s relationship with the third-party sellers on its website.

“Amazon must not be a price controller. We are investigating whether and how Amazon influences how traders set prices on the marketplace. Price fixing is not tolerated even in the (coronavirus) crisis,” Mundt said.

Amazon was yet to react to the report.

Amazon is also facing a similar antitrust probe in the European Union (EU). The European Commission announced the antitrust investigation to assess whether Amazon’s use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules.

Testifying before a US panel last month, Amazon Founder and CEO Jeff Bezos said that he cannot guarantee the company employees have not accessed third party seller data.

His response came during an antitrust hearing by a US Congress panel amid criticism that the workers of the online retail giant look into data of independent sellers on its platform to curate its own competing products.

Amazon said it does not access sales data from independent sellers to help develop its own products. For years, Amazon has been dogged by allegations that it uses its dominance to identify and enter into new product categories using its unique lens into inside information on third party seller data.



Related Post

latest News

  • Vodafone Idea, Airtel All Set To File Review Petitions Before The Supreme Court Urging It To Reconsider Its AGR Ruling

    Vodafone Idea and Bharti Airtel are set to file a review petition shortly, which may include seeking a reduction in penalties and interest component o...

    Read More
  • SC Forms Committee To Auction Amrapali Properties

    The Supreme Court has formed a four-member committee to accelerate the auction of the assets of defunct Amrapali group to generate funds for incomplet...

    Read More
  • SC seeks BCI response on plea for allowing lawyers to advertise

    The Supreme Court has sought the Bar Council of India’s (BCI) response on a plea seeking permission for lawyers to advertise and explore other avenu...

    Read More