European Union accuses Amazon of violating antitrust rules
|European Union accuses Amazon of violating antitrust rules|
The European Commission concluded that Amazon violated antitrust rules by using independent seller data for its own benefit.
The decision comes after the European Commission, the European Union's executive arm, launched an investigation into the online retail giant in July 2019 over concerns about anti-competitive behavior.
In a statement released on Tuesday, the European Commission said that Amazon is using business data for independent sellers in the market to benefit its retail business.
"The data on the activity of external sellers should not be used in favor of Amazon when it acts as a competitor to these sellers," said Margaret Westager, head of competition in the European Union.
While Amazon said it does not agree with the assurances of the Commission and will continue to make every effort to ensure that it has an accurate understanding of the facts.
The e-commerce giant added: "No company cares more about small businesses or has done more than Amazon to support them over the past two decades."
The European Commission also announced that it had opened a second antitrust investigation into the potential preferential treatment of Amazon's retail business over sellers in the market who use its logistics and delivery services.