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EU

Amazon To Make Big Business Changes in EU Settlement (apnews.com) 15

Amazon will make major changes to its business practices to end competition probes in Europe by giving customers more visible choices when buying products and, for Prime members, more delivery options, European Union regulators said Tuesday. From a report: The EU's executive Commission said it accepted the legally binding commitments from Amazon to resolve two antitrust investigations. The deal allows the company to avoid a legal battle with the E.U.'s top antitrust watchdog that could have ended with potentially huge fines, worth up to 10% of annual worldwide revenue.

The agreement marks another advance by EU authorities as they clamp down on the power of Big Tech companies, and comes just a day after the Commission accused Facebook parent Meta of distorting competition in the classified ads business. "Today's decision sets the rules that Amazon will need to play by in the future instead of Amazon determining these rules for all players on its platform," the EU's competition commissioner Margrethe Vestager said at a press briefing in Brussels. "With these new rules, competing independent retailers, carriers and European customers will have more opportunities and choice." The agreement only applies to Amazon's business practices in Europe and will last for seven years. Amazon will have to make the promised changes by June.

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Amazon To Make Big Business Changes in EU Settlement

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  • by jonsmirl ( 114798 ) on Tuesday December 20, 2022 @11:29AM (#63145064) Homepage

    Does this really help? or does it just make Amazon product pages more cluttered.

  • Amazon already doesnâ(TM)t operate in some EU countries, it seems the only option is that they will reduce their reach even more and start leveraging third party delivery companies to set prices. This will inevitably increase cost to the end user as these companies will have their own delivery area with minimal to no competition.

    Whatever you may think, the competition Amazon creates puts a significant pressure on price. The fact theyâ(TM)re more efficient than their competition should not be a bad

    • by Shakrai ( 717556 )

      The fact theyâ(TM)re more efficient than their competition should not be a bad thing,

      It is if that efficiency is built on a foundation of abusive labor practices. I bet USPS and Royal Mail could bump up efficiency too if they started tracking their driver's piss breaks and put them on PIPs if the computer algorithm decided they urinated too long last Thursday.

    • We do not need Amazon to squeeze out the life of delivery guys. EU companies already do that. One company even got busted for child labor. All for a few dollars less than the competition. It is not worth it. I will happily pay more. Slavery 2.0
  • While Amazon currently marks products that paid to show up in front at "sponsored," I'm sure the advertisers at whose behest these regulations are created won't want their products marked "EU sponsored," or anything else to denote "we're showing you this because they made us." But, customers will certainly want differentiation, so I imagine Amazon will have to come up with a phrase to denote results that would have come up pre EU regulating the order in which they show products. More delivery options soun

Air pollution is really making us pay through the nose.

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