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The European Union is set to file formal antitrust charges against Amazon over its use of third-party seller data, The Wall Street Journal reports. The charges, which could be filed as soon as next week, will reportedly accuse Amazon of using data gathered from sellers on its marketplace to compete against them.
After the EU’s charges are filed, The Wall Street Journal reports that it’s expected to be another year before the commission formally decides whether Amazon broke the law. Although the company could challenge the decision in court, it could eventually be fined as much as 10 percent of its annual revenue.
The EU’s investigation into the practice is thought to go back...
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Amazon reportedly faces EU antitrust charges over use of third-party seller data
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June 11, 2020
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