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EU hits Amazon with antitrust charges. A huge fine could follow
By Hanna Ziady and Charles Riley, CNN Business
Updated 9:08 AM ET, Tue November 10, 2020
The European Union has unveiled formal antitrust charges against Amazon for abusing its dominance in online shopping and opened a second investigation into the company's business practices.
Margrethe Vestager, the European Commission's top antitrust official, accused Amazon on Tuesday of illegally abusing its dominant position as an online marketplace in Germany and France, the company's biggest markets in the European Union.
The Commission opened a formal investigation into Amazon (AMZN) in July 2019to probe its dual role as marketplace and retailer. Ithas been looking into agreements between Amazon and independent retailers, and whether data from sellers is being unfairly used by the e-commerce giant, which also sells its own products.
more..
https://www.cnn.com/2020/11/10/tech/...ust/index.html
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October 20, 2020
NPR
@NPR
The Justice Department has filed an antitrust lawsuit against Google for allegedly abusing its power and dominance over smaller rivals. It is the most significant action the federal government has taken against a tech company in two decades.
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October 6, 2020
In a sweeping report spanning 449 pages, House Democrats lay out a detailed case for stripping Apple, Amazon, Facebook and Google of the power than has made each of them dominant in their fields.
The four companies began as "scrappy underdog startups" but are now monopolies that must be restricted and regulated, the report from Democrats on the House Judiciary Committee's antitrust panel says.
"These four corporations increasingly serve as gatekeepers of commerce and communications in the digital age, and this gatekeeper power gives them enormous capacity to abuse that power," a lawyer for the subcommittee's Democratic majority said in a briefing with reporters.
https://www.npr.org/2020/10/06/92088...ounts-the-ways
EU hits Amazon with antitrust charges. A huge fine could follow
By Hanna Ziady and Charles Riley, CNN Business
Updated 9:08 AM ET, Tue November 10, 2020
The European Union has unveiled formal antitrust charges against Amazon for abusing its dominance in online shopping and opened a second investigation into the company's business practices.
Margrethe Vestager, the European Commission's top antitrust official, accused Amazon on Tuesday of illegally abusing its dominant position as an online marketplace in Germany and France, the company's biggest markets in the European Union.
The Commission opened a formal investigation into Amazon (AMZN) in July 2019to probe its dual role as marketplace and retailer. Ithas been looking into agreements between Amazon and independent retailers, and whether data from sellers is being unfairly used by the e-commerce giant, which also sells its own products.
more..
https://www.cnn.com/2020/11/10/tech/...ust/index.html
--------------------------------------
October 20, 2020
NPR
@NPR
The Justice Department has filed an antitrust lawsuit against Google for allegedly abusing its power and dominance over smaller rivals. It is the most significant action the federal government has taken against a tech company in two decades.
--------------------------------------
October 6, 2020
In a sweeping report spanning 449 pages, House Democrats lay out a detailed case for stripping Apple, Amazon, Facebook and Google of the power than has made each of them dominant in their fields.
The four companies began as "scrappy underdog startups" but are now monopolies that must be restricted and regulated, the report from Democrats on the House Judiciary Committee's antitrust panel says.
"These four corporations increasingly serve as gatekeepers of commerce and communications in the digital age, and this gatekeeper power gives them enormous capacity to abuse that power," a lawyer for the subcommittee's Democratic majority said in a briefing with reporters.
https://www.npr.org/2020/10/06/92088...ounts-the-ways