Germany claws back 70 mn euros from Amazon over price controls

Germany’s competition watchdog ordered Amazon on Thursday to stop implementing price controls for retailers on its marketplace and told the US tech giant to return 59 million euros ($70 million) in what it deemed unfair gains. Third-party retailers on Amazon’s marketplace in Germany set their own prices but Amazon uses various mechanisms to review them, […] The post Germany claws back 70 mn euros from Amazon over price controls appeared first on Digital Journal.