European Commission launches antitrust investigation against Amazon

The European Commission has launched an antitrust investigation against Amazon that could result in USD 23 billion in fines. The investigation stems from the fact that Amazon is itself a seller and also serves as a platform for others to sell. Authorities are concerned that Amazon collects information on the activity of independent sellers, which it can then use to gain a competitive advantage and adversely affect competition. For its part, Amazon has stated its intention to cooperate with investigators, maintaining that it works to support enterprises of all sizes.