European Commission presents formal complaint against Amazon

[Q]

The European Commission has filed a formal complaint against technology group Amazon on suspicion of unfair competition. Brussels is concerned about Amazon's way of dealing with external sellers who sell their products through the tech company's sites.

The American group is accused of collecting data from those entrepreneurs, which is then used to compete with those same sellers.

The European Commission already opened a formal investigation in the summer of last year. If Amazon is indeed found guilty of violating European competition rules, the European Commission can fine the company up to 10 percent of its annual turnover. Last year, Amazon generated sales of more than $ 280 billion.

 

[X]

 

[LotusBud]

This is good news. Amazon needs to be broken up. They are destroying the world.

 

[Q]

This is good news. Amazon needs to be broken up. They are destroying the world.

Do you know their businessplan? It's pretty easy and just as evil:
They just start selling stuff in a country where they are not active yet.
They observe the competitors on that market and make sure the majority of their products have a lower price, even if this is not making them any money or even costs money.
Then after a few years the competitors have to give up, so Amazin is the only one on the market (except for some small, insignificant parties). And then the prices go up to earn al the "investment" back...
And who is the victim? We! The ordinary people who no longer have a choice to buy elsewhere.

 

[realgrimm]

This is good news. Amazon needs to be broken up. They are destroying the world.

Do you know their businessplan? It's pretty easy and just as evil:
They just start selling stuff in a country where they are not active yet.
They observe the competitors on that market and make sure the majority of their products have a lower price, even if this is not making them any money or even costs money.
Then after a few years the competitors have to give up, so Amazin is the only one on the market (except for some small, insignificant parties). And then the prices go up to earn al the "investment" back...
And who is the victim? We! The ordinary people who no longer have a choice to buy elsewhere.

Loss leader