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 euros ($70 million), which it identified as unfair profits gained through these practices.
The decision aims to ensure fair competition among marketplace retailers and prevent Amazon from imposing restrictive pricing conditions on third-party sellers.
**Why this matters**
This ruling highlights increasing scrutiny of large online marketplaces and their influence on pricing strategies. It underscores regulatory efforts to protect smaller retailers and promote fair market conditions in the growing e-commerce sector.
Source: NewsData