Can Amazon Convince Europe It’s Not Predatory?
Dutch entrepreneur Peter Sorber was excited when the e-commerce giant agreed to feature his small online store. Then his listings disappeared and his revenue sank — while sales of Amazon-brand products spiked. He’s not alone: Similar complaints are the basis of an EU investigation into whether the trillion-dollar company abuses its market dominance to collect competitor data for a leg up.
What can European authorities do? They could take a lesson from India, which recently sent Amazon shares plummeting after implementing tough new e-commerce rules.
Don’t miss OZY’s Special Briefing on Amazon’s escape from New York.