SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 3,379+1.4%Apr 15 3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Glenn Petersen who wrote (164111)8/17/2020 10:12:05 AM
From: Glenn Petersen  Read Replies (1) of 164217
 
Amazon faces antitrust probe in Canada

PUBLISHED FRI, AUG 14 202010:59 AM EDT
Annie Palmer @ANNIERPALMER
CNBC.com

KEY POINTS

-- Canada’s Competition Bureau said Friday it has launched an investigation into Amazon’s marketplace conduct in the country and whether it has hurt businesses and companies operating in the country.

-- Investigators plan to look at whether Amazon’s sway over third-party sellers prevents them from offering products on competing marketplaces, among other issues.

-- It comes as Amazon faces antitrust probes in the U.S. and in Europe.

Canada’s Competition Bureau announced Friday it is launching an investigation into whether Amazon’s conduct on its marketplace has hurt consumers and companies that do business in the country.

The antitrust watchdog said its investigation is ongoing and “there is no conclusion of wrongdoing at this time.” The bureau encouraged sellers and businesses to share information with investigators who are zeroing in on whether Amazon Canada is abusing its dominance in the market.

An Amazon spokesperson told CNBC in a statement: “We are cooperating with the Competition Bureau’s review and continue to work hard to support small and medium sized businesses who sell in our Canadian store — and help them grow.”

The bureau said it would examine any Amazon policies that may impact third-party sellers’ willingness to sell their products on competing online marketplaces or their own websites, as well as whether merchants can operate a successful business on the marketplace without using Amazon’s fulfillment or advertising services. It will also look at any ways in which Amazon may influence consumer shopping habits over third-party sellers who sell competing products.

Many of the issues being looked at by the bureau are also top of mind for regulators in the U.S. and in Europe. Amazon reportedly faces an antitrust probe by attorneys general in New York and California, as well as an FTC investigation into its business practices in retail and cloud computing.

The Department of Justice and the House Judiciary Committee have both opened broad antitrust reviews of Big Tech, with the House Judiciary Committee expected to produce a report on its yearlong investigation into Amazon and other tech giants in the coming months.

The European Union’s antitrust watchdog is also reportedly planning to file charges against Amazon over its treatment of third-party sellers.

cnbc.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext