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Amazon to make big business changes in EU settlement – AP News
- isaacfrond 4y agotl;dr. Amazon has agreed to make major changes to its business practices in order to settle antitrust investigations by the European Union (EU). The investigations found that the company had given itself an unfair advantage over rival merchants. As part of the settlement, Amazon will make changes that allow customers more choice when buying products, and will offer more delivery options for Prime members. The EU’s executive Commission accepted the legally binding commitments from Amazon to end the investigations. Amazon will have to make the changes by June, and the agreement will apply to its business practices in Europe for seven years.
- rvz 4y agoLooks like the multi-billion dollar fine tactic is indeed a working strategy.
- hrpnk 4y agoWonder how much overlap the changes will have with those required as part of the Digital Markets Act. Many large sites are going to change until May 2023. [1] https://en.wikipedia.org/wiki/Digital_Markets_Act https://en.wikipedia.org/wiki/Digital_Markets_Act [2] https://cepr.org/voxeu/columns/european-commission-digital-markets-act-translation https://cepr.org/voxeu/columns/european-commission-digital-m...