EU lawmaker aims to curb online marketplaces' use of merchant data, Reuters says.
Amazon (AMZN) may face a threat other than just EU antitrust attention after a key EU lawmaker submitted proposals that seek to curtail online marketplaces' use of merchants' data to increase sales of own brand products, Reuters reports. In an effort to create a level playing field between tech giants such as Google (GOOG), Amazon, and Apple (AAPL) and traditional businesses, the EU in April outlined draft rules to prevent unfair business practices, the report notes. As part of this effort, European Parliament lawmakers have since submitted roughly 680 amendments to bolster the draft proposal before it becomes legislation, the report says. Key among these proposals is one proposed a week ago by Danish center-left lawmaker Christel Schaldemose, the lead parliament negotiator, who seeks to set up Chinese walls between subsidiaries, the report says, citing a draft seen by Reuters. In her amendment, Schaldemose referred to probes by antitrust regulators in the EU and elsewhere into online intermediation services' dual role as a marketplace and as a competitor on the same platform, the report says. "To ensure fairness, the provider of the online intermediation service should not be allowed to disclose the data generated by the transactions of a business user to third parties for commercial purposes, including within their own corporate structure, without the consent of the business user," the draft said, according to Reuters. [Reference Link]:[https://www.reuters.com/article/us-eu-amazon-com-parliament-exclusive/exclusive-key-eu-lawmakers-plan-to-rein-in-online-marketplaces-a-threat-to-amazon-idUSKCN1MM2B7?feedType=RSS&feedName=businessNews]
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|Date:||Oct 12, 2018|
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