Amazon must stop enforcing price controls for retailers on its German marketplace, according to the nation’s antitrust watchdog, which also seized €59 million from the Big Tech company.
That amount is how much Amazon is estimated to have made via the illicit practice.
Germany’s Federal Cartel Office said it told Amazon that its retailer pricing policy violates rules governing the digital economy and fair competition. Amazon either removes products from its marketplace or does not feature them if their prices are deemed too high, according to the Cartel Office, whose guidelines stipulate these such mechanisms are only allowed in exceptional cases like price gouging.
Maitai_Haier on
How dare Amazon (checks notes)…keep prices for consumers down.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
2 Kommentare
*From Bloomberg News:*
Amazon must stop enforcing price controls for retailers on its German marketplace, according to the nation’s antitrust watchdog, which also seized €59 million from the Big Tech company.
That amount is how much Amazon is estimated to have made via the illicit practice.
Germany’s Federal Cartel Office said it told Amazon that its retailer pricing policy violates rules governing the digital economy and fair competition. Amazon either removes products from its marketplace or does not feature them if their prices are deemed too high, according to the Cartel Office, whose guidelines stipulate these such mechanisms are only allowed in exceptional cases like price gouging.
How dare Amazon (checks notes)…keep prices for consumers down.