Amazon Is Hit With Antitrust Charges <br />by the European Union .<br />On Tuesday, Margrethe Vestager, the European Commision's top antitrust official, .<br />accused Amazon of illegal practices <br />in Germany and France.<br />In July 2019, the European Commission opened a formal investigation into Amazon.<br />According to Vestager, it found that Amazon feeds non-public seller data into its own retail algorithms.<br />Vestager added that this practice allows the retail giant to cap third-party sellers' "ability to grow.".<br />We do not take issue with the success of Amazon or its size, our concern is the very specific business conduct that appears to distort competition, Margrethe Vestager, the European Commision's <br />top antitrust official, via CNN Business.<br />The investigation must be completed before Amazon is forced to pay any penalties.<br />This could go on for years, leaving Amazon vulnerable to potential fines of up to <br />10% of its annual global sales.<br />EU antitrust authorities have also <br />launched a second investigation.<br />Our concern is that Amazon may artificially push retailers to use its own related services, which locks them deeper into Amazon's ecosystem, Margrethe Vestager, the European Commision's <br />top antitrust official, via CNN Business
