German Antitrust Authority Fines Amazon for Pricing Policy Violations

The German Federal Cartel Office has informed Amazon that its pricing policies for retailers violate rules related to the digital economy and fair competition. According to Jin10, the authority has seized 59 million euros (approximately 70 million dollars) in illegal profits from the company. The office noted that Amazon removes or does not recommend products deemed to be priced "too high," a practice that should only be used in special circumstances such as price gouging. Like other major U source: https://www.binance.com/en/square/post/36041413121929?utm_source=BinanceNewsRSS