"The European Commission -- the bloc's top antitrust enforcer -- issued a charge sheet against Amazon alleging the company uses nonpublic data it gathers from third-party sellers to unfairly compete against them.
In addition, the EU is opening an investigation focusing on how Amazon selects which vendor is the default seller for a given product, alleging that Amazon, and those that pay extra for its services, are more likely to be chosen.
The Wall Street Journal reported in June that the EU was planning formal antitrust charges against Amazon and that a European Commission case team had circulated a draft of the charge sheet, citing people familiar with the matter.
A decision on whether Amazon broke competition laws is expected next year. If the company is found to be in violation, the commission can force Amazon to change its business practices and fine it as much as 10% of its annual global revenue -- or up to $28 billion, based on 2019 numbers. Amazon can challenge any such decision in an EU court.
She alleged the data allow Amazon to reap the bulk of sales from profitable product categories, while selling a small minority of products.
"This marginalizes third-party sellers and caps their ability to grow," European Commission Executive Vice President Margrethe Vestager said. On Tuesday, Ms. Vestager said the EU's case doesn't focus on how Amazon gathers data about individual sellers, but rather how its aggregation of data from many sellers allows it to avoid risks individual vendors face." [1]
The further you go, the less chance there is for Amazon monopoly to commit crimes online. It is time for us to show the boundaries of law to our oligarchs like Mockus and Numa-Numavičius in Lithuania.
1. Amazon Violated Laws On Competition, EU Says
Pop, Valentina. Wall Street Journal, Eastern edition; New York, N.Y. [New York, N.Y]11 Nov 2020: A.1.
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