Amazon Avoids Massive Fine, Reaches Settlement With European Union Over Use of Seller Data
Amazon on Tuesday reached a settlement with the EU in two antitrust investigations that probed the company's use of seller data and treatment of sellers while ranking offers for the "buy" box on its website. Under EU law, the US-based e-commerce giant could have faced a fine of up to 10 percent of its global annual turnover.
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Amazon on Tuesday reached a settlement with the EU in two antitrust investigations that probed the company's use of seller data and treatment of sellers while ranking offers for the "buy" box on its website. Under EU law, the US-based e-commerce giant could have faced a fine of up to 10 percent of its global annual turnover.
