Germany’s Federal Cartel Office is examining whether Amazon has ‘an almost unchallengeable position of economic power’. — AFP picBERLIN, May 18 — Germany’s competition authority said today it had opened an inquiry into online retail giant Amazon over potential “anti-competitive practices”, using a new law giving regulators more power to rein in big tech companies.
“This could apply to Amazon with its online marketplaces and many other, above all digital offers,” he added. The German reform coincided with new EU draft legislation unveiled in December aimed at curbing the power of the internet behemoths that could shake up the way Silicon Valley can operate in the 27-nation bloc.
“We continue to focus on innovating for both our customers and the businesses in Germany that sell in our store,” a company spokesperson told AFP. Yet the retail giant has also scored crucial legal victories of its own, most notably in a battle with the EU over tax.
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