Company disagreed with the allegations. "Amazon represents less than 1% of the global retail market, and there are larger retailers in every country in which we operate," the company said. The Commission said that its preliminary view is that Amazon has breached EU antitrust rules, but that its investigation must be completed before any penalties are imposed. The dispute may not be resolved until next year. Amazon is facing a fine of 10% of its global turnover.
Also regulators also opened a second investigation which is to determine whether Amazon artificially favors its own retail offers or those of third-party sellers who use its logistics and delivery services.
Amazon (AMZN.US) stock launched today's session lower and price is currently approaching long-term upward trendline. Should a break below occur then downward move may accelerate. Local support is located at $2850.47 level. Source: xStation5This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
