EU ACCUSES AMAZON OF BREACHING ANTITRUST RULES


11/11/2020




Serhat TUNAR -TDO- The European Union Commission is preparing to launch a review of Amazon, one of the world's largest companies, over claims it harms retail competition, takes unfair advantage of its size and database.

On Tuesday (yesterday) European Union Competition Commissioner Margrethe Vestager made a statement on the issue. Vestager, known for bringing the world's largest technology companies to their knees, has previously paid billions of dollars in fines to Apple, Google and Facebook.

Amazon, whose role in World Trade has become even greater with the Coronavirus outbreak, could face a fine of as much as 10 percent of its global turnover if a decision is made that it is using this position against small and medium-sized businesses.


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