{"id":9184,"date":"2023-11-03T16:41:06","date_gmt":"2023-11-03T16:41:06","guid":{"rendered":"https:\/\/infundpros.com\/business\/uk-officials-close-antitrust-probes-into-amazons-and-metas-retail-platforms\/"},"modified":"2023-11-03T16:41:07","modified_gmt":"2023-11-03T16:41:07","slug":"uk-officials-close-antitrust-probes-into-amazons-and-metas-retail-platforms","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=9184","title":{"rendered":"UK officials close antitrust probes into Amazon\u2019s and Meta\u2019s retail platforms"},"content":{"rendered":"
\n

\n The United Kingdom\u2019s competition watchdog has wrapped up its antitrust investigations into Amazon\u2019s and Meta\u2019s retail platforms, \ufeffsaying it has secured commitments from the US tech giants that will ultimately benefit consumers.\n <\/p>\n

\n The Competition and Markets Authority (CMA) announced Friday that it had accepted voluntary pledges to \u201cprotect fair competition\u201d on Amazon Marketplace, which connects independent sellers with customers, and Facebook Marketplace, which allows users to advertise new and second-hand items for sale. The commitments are to stay in place for the next five years.\n <\/p>\n

\n In theory, the more businesses are able to fairly compete for consumers\u2019 cash, the more choice consumers ultimately have. That can raise the quality of goods or lower prices, or so the thinking goes.\n <\/p>\n

\n Ann Pope, the CMA\u2019s senior director for antitrust enforcement, said in a statement that Amazon\u2019s commitments would help thousands of UK sellers to \u201ccompete on a level playing field\u201d with the company\u2019s own massive retail arm. That, in turn, will help customers access the \u201cbest deals,\u201d the CMA said.\n <\/p>\n

\n Amazon (AMZN) has promised to give independent sellers a \u201cfair chance\u201d of being spotlighted in its \u201cBuy Box,\u201d the CMA said, a prominently displayed feature that allows customers to quickly buy products or add goods to their baskets.\n <\/p>\n

\n The e-commerce giant also said it would allow third-party sellers to negotiate their delivery costs for its Prime service directly with independent couriers, according to the watchdog.\n <\/p>\n

\n \ufeffAn Amazon spokesperson told CNN: \u201cWe welcome this resolution, which will preserve our ability to serve both our customers and the over 100,000 small and medium-sized businesses selling through our UK store.\u201d\n <\/p>\n

\n As for Meta (META), it has promised to not exploit the data of users that advertise on its retail platform. Meta\u2019s competitors will have the option to \u201copt out\u201d of the tech firm using some of their data to improve Facebook Marketplace, the CMA said.\n <\/p>\n

\n That commitment, along with others, means Meta \u201ccannot exploit advertising customers\u2019 data to give itself an unfair advantage \u2014\u00a0and as such distort competition,\u201d Pope said.\n <\/p>\n

\n A spokesperson for Meta told CNN it welcomed the CMA\u2019s decision to close its investigation into Facebook Marketplace.\n <\/p>\n

\n The CMA, which launched its probes into Amazon and Meta in 2022 and 2021, respectively, said it would appoint an independent party to ensure both firms complied with the commitments. The pledges did not imply the companies had breached competition law, it added.\n <\/p>\n

\n Global tech giants have faced mounting scrutiny from regulators in recent years as officials contend that Big Tech monopolies have put scores of smaller businesses at a steep disadvantage.\n <\/p>\n

\n In September, the US Federal Trade Commission and 17 states sued Amazon in a landmark case arguing that the company unfairly promotes its own platform and services at the expense of third-party sellers.\n <\/p>\n

\n On Wednesday, data regulators in the European Union said Meta might soon require consent from its European users to use their data to generate targeted advertisements on Facebook and Instagram.\n <\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The United Kingdom\u2019s competition watchdog has wrapped up its antitrust investigations into Amazon\u2019s and Meta\u2019s retail platforms, \ufeffsaying it has secured commitments…<\/p>\n","protected":false},"author":1,"featured_media":9185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-9184","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\nUK officials close antitrust probes into Amazon\u2019s and Meta\u2019s retail platforms | inFundPros<\/title>\n<meta name=\"description\" content=\"The United Kingdom\u2019s competition watchdog has wrapped up its antitrust investigations into Amazon\u2019s and Meta\u2019s retail platforms, \ufeffsaying it has secured\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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