EU Competition Commissioner Margrethe Vestager warms up Amazon’s offer on data

Amazon.com’s proposals to settle two European Union competition investigations “appear relevant” to address concerns but may need further improvement, the bloc’s cartel chief says.

The European Commission has begun assessing industry feedback on the company’s offering regarding the use of non-public data from sellers on its marketplace and possible bias in granting access to its “Buy Box” and its Prime program to sellers, said Competition Commissioner Margrethe Vestager in prepared remarks for a speech in the US yesterday.

“The commitments offered by Amazon appear relevant to repairing the damage and have the potential to transform Amazon’s business model as a marketplace and retailer,” she said.

“But we haven’t got that far yet” and “are in the process of evaluating” feedback, “some of which indicated potential for improvement in several points”.

The settlement offer included a commitment not to use data about independent sellers on its marketplace for its competing retail business and to “treat all sellers equally in ranking their offers for the purpose of selecting the winner” for a “buy box.” ,” where Amazon highlights sellers of a specific product.

Earlier this month, a group of civil society groups and non-governmental organizations called on the commission to reject Amazon’s offer, saying the remedies were “weak, vague and full of loopholes”.

Instead, the Commission should “vigorously pursue its antitrust proceedings against Amazon and, if necessary, impose remedies and penalties – on the Commission’s own terms,” ​​it said in a letter.

https://www.independent.ie/business/world/eu-competition-commissioner-margrethe-vestager-warms-to-amazon-offer-on-data-41995617.html EU Competition Commissioner Margrethe Vestager warms up Amazon’s offer on data

Fry Electronics Team

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