1. Trends & External Forces

Amazon avoids multibillion-dollar fine as it reaches EU antitrust settlement

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KEY POINTS
  • Amazon on Tuesday made a series of commitments to address allegations from the European Union that the company was using independent sellers’ data to its advantage.
  • The European Commission said that Amazon committed to stop using non-public data on independent sellers for its retail business, among other changes.
  • The company could have faced a fine of up to 10% of its global annual revenues, which for Amazon could have been as high as $47 billion.
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