The EU Reportedly Prepares to File Antitrust Charges Against Amazon
Amazon is in hot water over its use of third-party seller data. The European Union is reportedly preparing to file antitrust charges against Amazon, perhaps as soon as next week. Once that happens, it could be a full year before the commission comes to a decision as to whether or not Amazon broke the law. If Amazon is found guilty of antitrust violations, the online retailer could conceivably be fined up to 10% of its annual revenue.
Amazon promised to launch an internal investigation in response, but the report generated renewed scrutiny from US lawmakers.