Amazon Is Being Investigated By Germany’s Antitrust Watchdog For Allegedly Influencing Third-Party Seller Prices During Pandemic

United States News News

Amazon Is Being Investigated By Germany’s Antitrust Watchdog For Allegedly Influencing Third-Party Seller Prices During Pandemic
United States Latest News,United States Headlines
  • 📰 Forbes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

The German agency claims that Amazon is not a price controller and should not influence the pricing of products set by third parties on its platform.

Mundt added that Amazon’s potential abuse of its dominant position was "naturally the approach in such investigations," and noted that the company was cooperating with the investigation.that its systems “are designed to take action against price gouging,” while denying the market abuse charge.While German investigators are focussing on Amazon’s decision to block high prices by sellers, the company is facing an investigation for enabling price-gouging in Italy.

Amazon and rival eBay over the alleged excessive rise in the price of products such as hand sanitizer and masks during the coronavirus crisis., sent back in April, Amazon CEO Jeff Bezos said that the company had suspended more than 6,000 seller accounts on its platform from around the world for price gouging on essential items during the pandemic. He also added that Amazon had removed more than 500,000 listings from its website for price gouging.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Forbes /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon investigated by German watchdog for abusing dominance during pandemicAmazon investigated by German watchdog for abusing dominance during pandemicAmazon is being investigated by the German Federal Cartel Office for allegedly abusing its market position during the coronavirus pandemic.
Read more »

Amazon Prime Video Orders Comedy Series ‘Binge Reloaded’ from RedsevenAmazon Prime Video Orders Comedy Series ‘Binge Reloaded’ from RedsevenAmazon Prime Video Germany has ordered comedy series “Binge Reloaded” from Redseven Entertainment, a Red Arrow Studios company. The show will continue in the vein of popular comedy show…
Read more »

Tesco to offer free grocery delivery in Amazon challenge - TelegraphTesco to offer free grocery delivery in Amazon challenge - TelegraphU.K.-based retailer Tesco PLC will offer free grocery delivery in a bid to head off Amazon.com's attempt to break into the British online grocery market, according to the Telegraph.
Read more »

German watchdog launches Amazon investigation - reportGerman watchdog launches Amazon investigation - reportGermany's anti-trust authority has launched an investigation into Amazon's relationship with third-party traders selling on its site, its head was quoted as saying on Sunday.
Read more »



Render Time: 2025-02-25 04:22:05