Amazon Is Being Investigated By Germany’s Antitrust Watchdog For Allegedly Influencing Third-Party Seller Prices During Pandemic

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Amazon Is Being Investigated By Germany’s Antitrust Watchdog For Allegedly Influencing Third-Party Seller Prices During Pandemic
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The German agency claims that Amazon is not a price controller and should not influence the pricing of products set by third parties on its platform.

Mundt added that Amazon’s potential abuse of its dominant position was "naturally the approach in such investigations," and noted that the company was cooperating with the investigation.that its systems “are designed to take action against price gouging,” while denying the market abuse charge.While German investigators are focussing on Amazon’s decision to block high prices by sellers, the company is facing an investigation for enabling price-gouging in Italy.

Amazon and rival eBay over the alleged excessive rise in the price of products such as hand sanitizer and masks during the coronavirus crisis., sent back in April, Amazon CEO Jeff Bezos said that the company had suspended more than 6,000 seller accounts on its platform from around the world for price gouging on essential items during the pandemic. He also added that Amazon had removed more than 500,000 listings from its website for price gouging.

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