Amazon faces a multi-billion dollar fine in Europe

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The European Commission launched an investigation.

American company Amazon, which is the largest online retailer in the world, faces a multi-billion dollar fine due to the use of data sellers. This was reported on the website of the European Commission on Wednesday, July 17, writes the Chronicle.info with reference to the Correspondent.

It is noted that the European Commission has opened an antitrust investigation against the company of Jeff Bezos. Will test that, does the company use confidential information to independent retailers who trade on the site, in their own interests.

As you know, in addition to providing its platform to other merchants, Amazon itself acts as the seller. A preliminary investigation by the European Commission showed that the company probably uses activity information to third-party retailers on its platform, their products and transactions that violate the rules of the European Union.

The European Commission will also check how Amazon chooses goods to Buy Box button, using which the customers can directly add products to the cart. For sellers getting in this section means a higher chance to get the order.

How long the investigation is uncertain. Amazon has already announced its readiness to cooperate with the European Commission.

In General, the European Commission may fine Amazon in the amount of 10% of the global revenue of the company for the year. In 2018, the net revenue of Amazon was $232,9 billion.

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