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/

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.

128 points · 4 comments · view on lemmy.world

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.