California probes Seattle retailer Amazon’s business practices



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California probes Seattle retailer Amazon’s business practices

Investigators of the US state of California had been probing the business practices of the Seattle-based world’s No. 1 online retailer, Amazon.com Inc. as part of an ongoing inquiry into the tech conglomerate, a Wall Street Journal report had revealed on Friday citing people familiar with the subject-matter.

Aside from that, the Wall Street Journal report had also quoted the source as saying that the US state of California’s ongoing probe on Amazon.com Inc., owned by the world’s richest man Jeff Bezos having had a net asset worth of $153.6 billion to date, had been largely focused on Amazon’s treatment of merchant data over its online marketplace, while the company’s promotional practices for its own products in competition with the third-party sellers had also raised questions.

In point of fact, latest Wall Street Journal report on California’s probe over Amazon.com Inc.’s business practices at its online platform came forth a day after a media headline had unveiled that the EU antitrust authority was mulling a charge sheet against the Seattle-based online retailer’s treatment of third-party sellers’ data, while the EU antitrust body had also taken into account the US-based retailers non-competitive behaviour regarding the promotions of its own products at its online marketplace.

However, the EU Commission had been probing the US-based retailer for nearly a year over its dual role as a platform for the merchants alongside a competitor of its third-party sellers.

Amazon to face EU antitrust charges over the coming weeks

On top of that, a source close to the EU antitrust authority was quoted saying yesterday that the US-based retailer would likely to face off charges regarding its malpractices in the bloc, nonetheless, Amazon.com Inc.

had declined to comment over the ongoing probes, but a spokeswoman for Amazon.com Inc. was quoted saying later on the day that the online retailing industry behemoth’s in-house products usually account for roughly 1 per cent of its annual retail sales.