German regulator fines Amazon €59M for abuse of market power

https://www.politico.eu/article/german-regulator-fines-amazon-e59m-for-abuse-of-market-power/?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication

16 Comments

  1. “Amazon competes directly with marketplace sellers on its platform and influences the prices of its competitors, including through price caps, which is problematic from a competition standpoint,” Andreas Mundt, president of the Federal Cartel Office, or Bundeskartellamt, said in a statement.

  2. Fines should be a set percent from the yearly imcome, then megacorps would think twice

  3. I bulldozed all my neighbors houses in the night to build my personal theme park, but it’s ok I paid the ₹3 fine

  4. European countries love taking a cut from illicit practices of companies and present it like they are doing it to stop the practices. If they really wanted to stop them, they would issue arrests warrants for the criminals behind the crimes.

  5. Immediate-Answer-184 on

    Amazon has built a monopoly with our complicity. Ditching Amazon is more painfull than it should be.

  6. Jealous_Squirrel_961 on

    I agree VW, BMW, and Mercedes should have to pay the US and Canada $177M (3 * $59M) for abuse of market power also.

  7. MercantileReptile on

    I was delighted to see the Federal Cartel Office both functional and display some teeth.

  8. The amount of the penalty is not really the point. The point is that it’s being addressed and not ignored like in USA

  9. These fines are just slaps on the wrist, grow some balls and hit em with actual consequences!