Amazon’s market power to be tested in Germany in push for “early action” over antitrust risks

Amazon’s market power to be tested in Germany in push for “early action” over antitrust risks

3 years ago
Anonymous $LNMzUc6XNz

https://techcrunch.com/2021/05/18/amazons-market-power-to-be-tested-in-germany-in-push-for-early-action-over-antitrust-risks/

Germany’s Federal Cartel Office (FCO) is seeking to make swift use of a new competition tool to target big tech — announcing today that it’s opened a proceeding against ecommerce giant Amazon.

If the FCO confirms that Amazon is of “paramount significance for competition across markets” — as defined by an amendment to the German Competition Act which came into force in January (aka, the GWB Digitalisation Act) — the authority will have greater powers to proactively impose conditions on how it can operate in order to control the risk of market abuse.