🚨 Breaking News 🚨 Amazon Faces 10 Million Euro Fine for Unfair Trade Practices! The Italian antitrust authority AGCM has imposed a hefty fine of 10 million euros on ecommerce giant Amazon for unfair trade practices. This fine targets two of Amazon's subsidiaries: Amazon Services Europe and Amazon EU. This isn't the first time Amazon has come under scrutiny in Europe. In Germany, the Federal Cartel Office (FCO) has investigated Amazon's activities, resulting in a significant fine of 746 million euros imposed by the European Union in 2021. Additionally, in the same year, AGCM levied a record penalty of 1.13 billion euros against Amazon. This penalty was associated with Fulfilment by Amazon, which was found to have abused its market dominance and disadvantaged competitors, according to the regulator. Find out more: https://lnkd.in/dqhkZTPm ........ #amazon #ebiztoday #ecommerce #ecommercebusiness #europe
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BIRA Files £1.1bn Lawsuit Against Amazon The British Independent Retailers Association (BIRA) is launching a £1.1 billion lawsuit against Amazon, accusing it of misusing its members' proprietary data for competitive gains and manipulating the "Buy Box" feature to favor its products. This legal action marks the UK's largest collective retail claim, covering grievances from October 2015 to the present, sparked by Amazon's significant market influence which forces small retailers to rely on its platform despite high commission fees and now, alleged data misuse. This case unfolds amid ongoing scrutiny over Amazon's market practices, including a recent settlement with the UK's Competition and Markets Authority to avoid a full investigation into similar issues. https://lnkd.in/d95zXH3Q Platform: TechCrunch Author: Ingrid Lunden #commerce #amazon #data #dataprivacy #datacollection #personaldata #retailers #lawsuit #dataabuse #uk
Amazon slammed with £1.1B data abuse lawsuit from UK retailers | TechCrunch
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The U.S. Federal Trade Commission is conducting an investigation into the fees imposed by Amazon on merchants who sell goods on its $140 billion marketplace. The inquiry will specifically focus on the charges for warehousing and shipping through the Fulfillment by Amazon service, with concerns raised about the complexity and costliness of these fees. Additionally, sellers fear that agreeing to Amazon's new terms could result in the company exerting control over their inventory and forcing them to raise prices to mitigate the higher costs. This probe comes after the FTC filed a lawsuit against Amazon in September, alleging that the e-commerce giant illegally maintained a monopoly by stifling competition and overcharging sellers. The investigation into seller fees aligns with claims that Amazon uses anti-discounting measures to punish sellers and compel the use of its expensive fulfillment service to achieve Prime eligibility. As a result, Amazon's shares have seen a slight decline.
FTC Investigates Amazon's Controversial Seller Fees: What You Need to Know
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US Antitrust Case Against Amazon To Move Forward: An anonymous reader quotes a report from Reuters: The U.S. Federal Trade Commission's case accusing Amazon of stifling competition in online retail will move forward, though some of the states that sued alongside the agency had their claims dismissed, court documents showed. U.S. District Judge John Chun in Seattle unsealed his ruling from Sept. 30, which dismissed some of the claims brought by attorneys general in New Jersey, Pennsylvania, Maryland and Oklahoma. Last year, the FTC alleged Amazon.com, which has 1 billion items in its online superstore, was using an algorithm that pushed up prices U.S. households paid by more than $1 billion. Amazon has said in court papers it stopped using the program in 2019. The FTC has accused the online retailer of using anti-competitive tactics to maintain dominance among online superstores and marketplaces. Amazon asked Chun to dismiss the case in December, saying the FTC had raised no evidence of harm to consumers. The judge said in his ruling that he cannot consider Amazon's claims that its actions benefited competition at this early stage in the case. Read more of this story at Slashdot.
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US Antitrust Case Against Amazon To Move Forward: An anonymous reader quotes a report from Reuters: The U.S. Federal Trade Commission's case accusing Amazon of stifling competition in online retail will move forward, though some of the states that sued alongside the agency had their claims dismissed, court documents showed. U.S. District Judge John Chun in Seattle unsealed his ruling from Sept. 30, which dismissed some of the claims brought by attorneys general in New Jersey, Pennsylvania, Maryland and Oklahoma. Last year, the FTC alleged Amazon.com, which has 1 billion items in its online superstore, was using an algorithm that pushed up prices U.S. households paid by more than $1 billion. Amazon has said in court papers it stopped using the program in 2019. The FTC has accused the online retailer of using anti-competitive tactics to maintain dominance among online superstores and marketplaces. Amazon asked Chun to dismiss the case in December, saying the FTC had raised no evidence of harm to consumers. The judge said in his ruling that he cannot consider Amazon's claims that its actions benefited competition at this early stage in the case. Read more of this story at Slashdot.
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Amazon, in the crosshairs of the FTC? 👀🎯 News is out that the Federal Trade Commission 🏛️ may file an antitrust lawsuit against the ecommerce giant next week. A move that could have major implications on Prime 🎁, logistics 🚚, advertising 📢...and the list goes on. \n\n I can't help but agree that this is a necessary step 💡. Competition is the lifeblood of any market, and it’s important to ensure that no single player becomes too dominant to the point of stifling innovation or creating a monopoly 💪. \n\n While Amazon has undeniably made ecommerce more accessible for many small and medium businesses, it's also important to consider the potential negative impacts ❌. The logistics and fulfillment sectors could be significantly affected, potentially altering the landscape of services available to businesses. \n\n This is a developing story that all business owners should keep an eye on, especially those involved in ecommerce 📈. The outcome could significantly shape the future of our industry. \n\n Here's the link to the full article: [FTC may file antitrust suit against Amazon next week: report](https://lnkd.in/gApZn48M) As always, stay informed and let's continue to support a fair and competitive marketplace for all businesses 🤝. Check this out: https://lnkd.in/gApZn48M
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Amazon has pushed back against allegations suggesting its dominance in Mexico’s e-commerce landscape poses a threat to fair competition. The controversy emerged following a report by Mexico’s antitrust regulator, Cofece, which implicated both Amazon and its rival Mercado Libre in potentially stifling market entry... #antitrust #antitrustlaw #competitionlaw #librecompetencia #market #onlineretail
Amazon Denies Monopolistic Threat in Mexico Amid Regulatory Scrutiny
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Do you want to expand your e-commerce business to Europe, but don't know how to comply with Amazon rules and regulations? Don't worry, in this video we are going to show you how to do it with the help of an expert on the subject. Our special guest is Andrew Cooper, the Head of Sales at Global E-commerce Experts Ltd, a company that offers end-to-end fulfillment solutions for Amazon sellers around the world. He will explain what product compliance is, why it is important, and how you can manage it effectively and profitably. You'll learn about the tax, environmental, security, and international trade requirements you must meet to sell on Amazon Europe, and how Amazon Fulfillment Solutions can make the process easier for you. Don't miss this video if you want to take your eCommerce business to the next level. Subscribe to our channel and turn on notifications so you don't miss any tips! #ecomcy #Amazon #amazonfba #amazonseller #amazonbusiness #amazonfbaseller #amazonppc #amazonadvertising #amazonsellercentral #amazonppctips #amazonprivatelabel #amazonselling #amazonseoe
How to deal with product compliance when expanding to Amazon Europe-Andrew
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In the dynamic landscape of online commerce, Amazon has emerged as a behemoth, dominating the e-commerce scene with its vast product offerings, convenient delivery services, and Prime membership program. However, this dominance has not gone unnoticed by regulators, as the Federal Trade Commission (FTC) #amazon #business #economy #finance #news #opinion #startups
Amazon’s Monopoly May Be Ending Soon! The FTC’s Lawsuit Could Change Everything
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Research Scholar, Columnist, Academic Expert, Public Policy Professional, Published Author, Blogger ,M& E Specialist
In the dynamic landscape of online commerce, Amazon has emerged as a behemoth, dominating the e-commerce scene with its vast product offerings, convenient delivery services, and Prime membership program. However, this dominance has not gone unnoticed by regulators, as the Federal Trade Commission (FTC) #amazon #business #economy #finance #news #opinion #startups
Amazon’s Monopoly May Be Ending Soon! The FTC’s Lawsuit Could Change Everything
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In the dynamic landscape of online commerce, Amazon has emerged as a behemoth, dominating the e-commerce scene with its vast product offerings, convenient delivery services, and Prime membership program. However, this dominance has not gone unnoticed by regulators, as the Federal Trade Commission (FTC) #amazon #business #economy #finance #news #opinion #startups
Amazon’s Monopoly May Be Ending Soon! The FTC’s Lawsuit Could Change Everything
https://startupspro.co.uk
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