Amazon Germany fined $70 million for 'influencing' third-party Marketplace pricing

1 month ago 5

The Bundeskartellamt, or the Federal Cartel Office of Germany, has prohibited Amazon from continuing its practice of using mechanisms to control the prices charged by sellers on its platform in the country. Germany’s competition regulator explained that the company uses “various price control mechanisms” to review prices set by third-party Markerplace sellers. If the website deems a specific listing’s pricing as too high, it allegedly removes the listing altogether or prevents it from being prominently displayed in the Buy Box section that lets you quickly purchase items. If those listings aren’t removed completely, they’re banished to less prominent sections like in the “See all buying options” and the “Other sellers on Amazon” lists. This reduced visibility could “lead to significant losses in sales” for sellers.

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Source: https://www.engadget.com/big-tech/amazon-germany-fined-70-million-for-influencing-third-party-marketplace-pricing-140000588.html?src=rss

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