Amazon Facing New Round of EU Antitrust Allegations

Publish date:
Video Duration:
2:57

Amazon.com (AMZN) - Get Report is looking at a new antitrust battle with the European Union as it faces formal charges against of alleged unfair business practices.

The European Commission on Tuesday revealed a Statement of Objections against Amazon, arguing that information on third-party sellers that operate on Amazon's platform "are widely available to employees of Amazon's retail business and flow directly into the automated systems of that business."

That, in turn, gives Amazon an unfair leg up on its marketplace sellers when it comes to calibrating retail offers and making other business decisions, particularly with offers on best-selling products across product categories, the commission said, pointing to Amazon marketplace services in France and Germany- its biggest EU markets. 

Amazon repeatedly has faced regulatory probes into its alleged practices of collecting data on the vendors it hosts on its platform, and then using that data to unfairly compete against them.

The sending of a Statement of Objections does not prejudge the outcome of an investigation. Amazon can challenge any such decision in an EU court.

Alphabet-owned Google (GOOGL) - Get Report was fined more than $9 billion after nearly a decade of EU investigations. Apple (AAPL) - Get Report and Facebook (FB) - Get Report also face early-stage probes. 

Latest Videos From TheStreet and Jim Cramer: