Germany’s competition regulator has instructed Amazon to cease enforcing price control measures on sellers using its platform. The authority also ordered the company to repay €59 million ($70 million), which it identified as unfair profits obtained through these practices.
The decision targets Amazon’s policies that restricted how third-party retailers set prices, aiming to ensure fair competition within the marketplace. The ruling marks a significant step in regulating online retail practices in Germany.
**Why this matters**
This action highlights growing scrutiny of major tech companies’ influence over online marketplaces and pricing strategies. It underscores regulators’ efforts to protect smaller retailers and promote competitive pricing for consumers. The case may set a precedent for similar investigations in other countries.
Source: NewsData