• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, July 18, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Amazon settlement with EU antitrust regulators possible by year end

by Aditi Bali
November 26, 2022
in News
Reading Time: 2 mins read
0
Amazon moves to the Supreme Court.

E-commerce giant Amazon moves to the Supreme Court.

TwitterWhatsappLinkedin

According to recent reports provided by various sources, Amazon will be able to end two EU investigations by the end of the year by addressing concerns over its seller data. This means that the company would be able to avoid a fine of as much as 10% of its global turnover. Read the entire article to learn more about this news piece.

You might also like

Zuckerberg, Meta Directors Settle $8 Billion Privacy Trial

Samsung Chairman Jay Y. Lee Cleared in 2015 Merger Case

Microsoft Salaries Revealed, AI Teams Earning More Than Ever Amid Strategic Shift

More about the investigations

These investigations concern Amazon breaking the EU’s competition rules. Commissioner Margrethe Vestager, in charge of competition policy, said: “European consumers are increasingly shopping online. E-commerce has boosted retail competition and brought more choices and better prices. We need to ensure that large online platforms don’t eliminate these benefits through anti-competitive behavior. I have therefore decided to take a very close look at Amazon’s business practices and its dual role as marketplace and retailer, to assess its compliance with EU competition rules.” “Data on the activity of third-party sellers should not be used to the benefit of Amazon when it acts as a competitor to these sellers,” Margrethe Vestager, the EU’s competition chief, said in the statement. “No company cares more about small businesses or has done more to support them over the past two decades than Amazon,” the e-commerce giant said. Vestager said that, while going through 80 million transactions and 100 million products listed on Amazon marketplace, “it became increasingly clear that there might something that we should look into further on the buy box.”

Amazon said it disagreed with the commission’s assertions and “will continue to make every effort to ensure it has an accurate understanding of the facts.”

Amazon has been accused of using unfair means in order to get ahead of its rivals but it will be able to settle the investigations against it by the EU by the end of the year. When asked to comment, the EU competition enforcer refused to respond to any such news.

Amazon
Amazon CEO Andy Jassy 
Source The Local Report

About Amazon

Amazon is one of the most popular companies in the whole world. It came into existence because of Jeff Bezos who is the founder of the company. Amazon is known for its excellent e-commerce and digital streaming services among many other things. the company aims to satisfy the wants and needs of its customers and gives them the utmost priority. This is the reason why the company hires staff that shares the same vision of satisfying the consumers. The leaders at the company make a constant effort to learn new things in order to improve and grow the company. Amazon is currently headed by Andy Jassy.

Tags: amazonNewsrecenttrendingUpdate
Tweet54SendShare15
Previous Post

Twitter Saga: Will Elon Musk create his own phone?

Next Post

How to Charge Your Phone So That It Has Longer-Lasting Batteries

Aditi Bali

Recommended For You

Zuckerberg, Meta Directors Settle $8 Billion Privacy Trial

by Anochie Esther
July 18, 2025
0
Zuckerberg

In a sudden twist that ended what could have been a landmark courtroom showdown, Meta Platforms CEO Mark Zuckerberg and several current and former directors reached a settlement...

Read more

Samsung Chairman Jay Y. Lee Cleared in 2015 Merger Case

by Anochie Esther
July 18, 2025
0
Lee

In a pivotal ruling that removes a significant legal overhang, South Korea’s Supreme Court on July 17 cleared Samsung Electronics Chairman Jay Y. Lee of all charges related...

Read more

Microsoft Salaries Revealed, AI Teams Earning More Than Ever Amid Strategic Shift

by Anochie Esther
July 18, 2025
0
Microsoft

Amid significant layoffs and an aggressive pivot to artificial intelligence, Microsoft finds itself under the spotlight once again this time not for job cuts or corporate strategy, but...

Read more
Next Post
How to Charge Your Phone So That It Has Longer-Lasting Batteries

How to Charge Your Phone So That It Has Longer-Lasting Batteries

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?