Category: Monopoly
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Amazon Used Secret ‘Project Nessie’ Algorithm To Raise Price
Amazon used an algorithm code-named “Project Nessie” to test how much it could raise prices in a way that competitors would follow, according to redacted portions of the Federal Trade Commission’s monopoly lawsuit against the company. From a report: The algorithm helped Amazon improve its profit on items across shopping categories, and because of the…
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Amazon Partially Wins Against EU Digital Services Act
Amazon has partially won in an EU court case related to European Union ecommerce market regulation laws, which come under the Digital Services Act (DSA). On Thursday, the EU General Court ruled in favour of Amazon, by agreeing to suspend a requirement under the DSA that Amazon is obligated to follow and make an ads…
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FTC and 17 states finally go after Amazon monopoly in new antitrust lawsuit
The FTC – and 17 state attorneys general – have come out swinging at Amazon with a lawsuit accusing the ecommerce giant of being a monopolist. Amazon, the FTC alleges, engages in anticompetitive conduct in two markets: online ecommerce and also the market for marketplace services used by sellers. The tactics used by Amazon to…
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Google Pays $10 Billion a Year To Maintain Monopoly, US Says
Alphabet’s Google pays more than $10 billion a year to maintain its position as the default search engine on web browsers and mobile devices, stifling competition, the US Justice Department said Tuesday at the start of a high-stakes antitrust trial in Washington. From a report: “This case is about the future of the internet and…
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South Korea ‘puts the brakes’ on Google app store dominance
A Wednesday statement from the Commission brought news that in late July it wrote to Google to inform it of the ₩42.1 billion ($31.5 million) fine announced, and reported by The Register, in April 2023. The Commission has also commenced monitoring activities to ensure that Google complies with requirements to allow competition with its Play…
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Amazon Now Punishes Merchants Who Ship Their Own Products – flexing monopoly!
Third-party merchants on Amazon who ship their own packages will see an additional fee for each product sold starting on Oct. 1st. Sellers could previously choose to ship their products without contributing to Amazon, but the new fee means members of Amazon’s Seller Fulfilled Prime program will be required to pay the company 2% on each…
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Spain antitrust watchdog fines Amazon, Apple $218 million for collusion and exclusion
Spain’s antitrust watchdog on Tuesday said it had imposed fines worth a total 194.1 million euros ($218.03 million) on Amazon (AMZN.O) and Apple (AAPL.O) for colluding to limit the online sale of devices from Apple and competitors in Spain. The two contracts the companies signed on Oct. 31, 2018 granting Amazon the status of authorized…
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