German Regulator Accuses Amazon of Anti-Competitive Practices

Date:

The agency accuses Amazon of interfering with sellers’ freedom to set prices.

Germany’s competition regulator Federal Cartel Office is accusing Amazon of allegedly engaging in price control mechanisms which amount to anti-competitive practices that harm sellers on its platform, the FCO said in a June 2 statement.

Amazon’s digital e-commerce ecosystem, including the amazon.de portal, makes up around 60 percent of overall online retail sales in Germany, it said. The company allegedly removes products from its marketplace if the offering does not meet its pricing criteria.

spot_imgspot_imgspot_img

Share post:

More like this
Related

SEC Proposes Allowing Companies to Submit Semiannual Reports

The U.S. Securities and Exchange Commission building in Washington...

HUD Updates Environmental Regulations to Lower Costs for Multifamily Housing Developers

Housing and Urban Development Secretary Scott Turner walks toward...

Chinas Cash Home Buyers Undermining the American Dream

Homes in Huntington Beach, Calif., on July 12, 2024....

London Police Launch Jewish Protection Team Following Spate of Anti-Semitic Attacks

Police outside Golders Green tube station in London on...