According to European Union regulators, Amazon would significantly alter its business practices to cease competition investigations in Europe by giving customers more obvious options when purchasing products and, for Prime members, more delivery options.
Amazon was spared a court battle with the E.U.’s top antitrust watchdog that may have resulted in fines of up to 10% of the company’s annual global turnover by the EU’s executive Commission, which accepted the legally binding undertakings from Amazon to conclude two antitrust investigations.
Probes Apple Market Dominance
The accord comes just a day after the Commission accused Facebook parent company Meta of undermining competition in the classified advertisements industry, and it represents another step forward for EU regulators in their fight against the influence of Big Tech firms. The 27-member EU has fined Google billions of dollars, launched probes into Apple, and plans to implement broad laws by 2024 to stop so-called digital gatekeepers from controlling online marketplaces.