Germany's anti-trust authority on Thursday ordered Amazon to pay around around €59 million ($69.6 million) for imposing unlawful pricing requirements on third-party sellers. (...)
Third-party sellers on the platform are subject to Amazon’s pricing rules.
For instance, if a seller’s price is deemed too high, the offer may be removed from the Marketplace or excluded from the prominently displayed Buy Box section, effectively rendering it invisible to most customers.
This practice can lead to significant revenue losses for sellers, the cartel office said.
Amazon hit with first financial penalty by German anti-trust watchdog | dpa international
https://dpa-international.com/economics/urn:newsml:dpa.com:20090101:260205-99-392990/
4 Comments
SpicyLizards@reddthat.com · 23 pts · 208d
Keep them rolling... please...
bappity@lemmy.world · 12 pts · 208d
When are we going to get fines scaled by income? this shit never works. it's just a business expense for these corporations
rumschlumpel@feddit.org · 6 pts · 208d
That's like one second of earnings loss for Amazon ... but better than nothing I guess.
Tuuktuuk@anarchist.nexus · 5 pts · 208d
59 million €... How many percent is that of Amazon's profits made in Germany? This counts as a business expense for them, not as a punishment.