Amazon, worried that it could run afoul of antitrust laws, will stop preventing third-party sellers from hawking their products on other websites for a lower price. According to a report in CNN, Amazon confirmed that the new policy kicked off this week, but declined to comment further. CNN reported that Senator Richard Blumenthal had reached […]
Senator Elizabeth Warren has pledged that, if elected president next year, she will aim to break up the big tech companies Amazon, Facebook, and Google because they have too much control over Americans’ lives, reported the New York Times. In her plan to rein in the influence of tech giants, Warren proposes legislation targeting companies […]
Amazon, the giant online retailer, is closing all 87 of its US pop-up kiosks, which let customers try and buy gadgets like smart speakers and tablets in malls, Kohl’s department stores and Whole Foods groceries. It’s the latest change in Amazon’s bricks-and-mortar retail strategy, which includes book stores, grocery stores and cashier-less stores. “Across our […]
Amid Amazon’s efforts to grow its reach in the food space, the eCommerce retailer is reportedly looking to launch grocery stores in multiple big U.S. cities. The company is reportedly aiming to open a location in Los Angeles as soon as the close of 2019, The Wall Street Journal reported. Unnamed sources cited by the […]
Japan’s Fair Trade Commission is considering launching an investigation of Amazon Japan’s loyalty program to determine whether the online retailer’s policy of requiring third-party sellers to cover the cost of purchase points violates antitrust laws. The Japan unit of the US-based company has told third-party sellers that it will change its points system in late […]
Austria’s competition authority has initiated an investigation against Amazon on suspicion that it had violated Austrian and European antitrust law, it said on Thursday. The regulator said it would examine terms and conditions under which the US firm grants Austrian retailers access to its marketplace. “There is a suspicion that Amazon puts other retailers on […]
A court in Germany handed down a harsh ruling about Amazon’s Dash buttons on Thursday, January 10, according to a report from Reuters. The court stated the Dash buttons, which are small, Wi-Fi-connected devices that reorder items like laundry detergent and coffee, breaks consumer protection legislation because it doesn’t give consumers enough information about the […]
Amazon has its eyes on expansion for its Whole Foods brand in closed Sears and Kmart stores, according to a report by Yahoo! Finance. The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. Sources told Yahoo! that the company is visiting sites of now defunct […]
Israeli cloud computing start-up CloudEndure has been acquired by Amazon Web Services (AWS), reported Reuters. The deal is estimated to be worth US$200-$250 million. “CloudEndure is now an Amazon Web Services company,” the start-up announced on its website. “CloudEndure is now an AWS company. This acquisition expands our ability to deliver innovative and flexible migration, […]
The Competition Commission of India (CCI) has sought details from Samara Capital on Amazon’s role in acquiring Aditya Birla Retail’s supermarket chain More to find out if the deal is in accordance with the center’s revised foreign direct investment (FDI) policy, The Economic Times reported, citing sources. The sources told the paper that the CCI […]