Margrethe Vestager, European Commissioner Responsible for Competition, this time clashed with Amazon. Stating that the company harms competition in the retail industry by using sensitive data, Vestager said the issue will be investigated. Amazon denied the allegations made against them.
A new one has been added to the accusations and investigations against technology giants. This time Amazon, number one in the e-commerce industry, was targeted by the European Union. Authorities claimed that Amazon was harming the retail industry by using its market dominance. Amazon, on the other hand, denied the accusations entirely, as you can imagine.
The source of the charges against Amazon is Margrethe Vestager, European Commission Competition Commissioner. According to Vestager’s claims, Amazon dominates the market and uses data actively. This ends up small vendors trying to sell online. The European Union is exploring the status of Amazon as a marketplace for both sellers and traders.
Amazon says they have larger sellers in every country they serve
Margrethe Vestager is the last name Amazon will want to get into. Because Vestager is one of the toughest antitrust practitioners in the world. In his explanations on the subject, he says that companies such as Amazon that both trade and give opportunities to other sellers should establish the balance between salesmanship and management and ensure competition.
Amazon says that such an accusation is unfounded with its statements. The company attributes this to less than 1 percent of Amazon’s global retail industry, and states that there are larger retailers in every country they serve. However, the European Union seems to be obsessed with a different case of Amazon.
The European Union is determined to do research, despite Amazon’s refusal. According to official statements, Amazon uses information about all sales made on its platform. In particular, it is stated that the company, which uses the data of competitors, has taken steps to facilitate access to its own products. According to the authorities, this information is highly sensitive and should not be used for this purpose. The coming days reveal that Amazon will have to sweat cold.