Wednesday, November 11, 2020

Why Is Amazon Citing This Investigation?

 The European Commission has filed allegations that Amazon has violated European antimonopoly rules by using independent seller data for its own benefit.

Therefore, the commission has announced a second investigation into the company.

For everyone's knowledge, the decision was made after the commission, which is the executive branch of the European Union, launched an investigation into online retailers in July 2019 following concerns about anti-competitive behavior.

Based on a statement released today, they revealed that they found that Amazon was using independent seller business data in its market to profit its own retail business.

According to EU competition chief Margrethe Vestager, data on third-party sellers' activities should not be used for Amazon's benefit when acting as a competitor to these sellers.

However, Amazon has denied the allegations and will continue to make every effort to ensure their innocence. According to him, no company cares about the small business sector or supported it for the last 2 decades except Amazon.

Meanwhile, the second antimonopoly investigation to be conducted by the commission is alleged to affect Amazon's own retail business compared to market sellers who use its logistics and shipping services.

In addition, they now have the opportunity to deny the allegations made by answering in writing or through oral hearing.