EU hits Amazon with anti-trust charges for damaging retail competition



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The European Union has charged Amazon with damaging retail competition, accusing the US company of using its size, power and data to give it an unfair advantage over smaller merchants that sell on its online platform.

The move on Tuesday by competition chief Margrethe Vestager was the latest European salvo against US tech giants.

It comes at a time when the COVID-19 pandemic has amplified Amazon’s role in the global economy, with online sales soaring amid lockdowns.

The European Commission has been investigating Amazon’s dual role – as a marketplace for merchants and also a rival seller.



Margrethe Vestager holding a sign: The European Union has charged Amazon with damaging retail competition, accusing the US company of using its size, power and data to give it an unfair advantage over smaller merchants that sell on its online platform. Pictured: The EU's competition chief Margrethe Vestager announces the charges on Tuesday


© Provided by Daily Mail
The European Union has charged Amazon with damaging retail competition, accusing the US company of using its size, power and data to give it an unfair advantage over smaller merchants that sell on its online platform. Pictured: The EU’s competition chief

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