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Home Market dynamics

Amazon faces EU investigation into possible breaches of digital services law

Author: Mash Yang
2024-07-06
in Market dynamics, network
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Apple, Microsoft, Google, Meta and other companies are facing EU certificationInvolving impact on market competitionAmazon is also facing EUStrict censorship, will investigate whether Amazon's services comply with regulations in terms of recommendation results, advertising transparency and risk assessment.

Amazon faces EU investigation into possible breaches of digital services law

In fact, the EU has received multiple requests for information from regulators under the Digital Services Act (DSA) since November of last year. Since Amazon has been designated a market "gatekeeper" by the EU, it must provide a certain degree of transparency regarding its services and fulfill its market responsibilities.

Although unlike the Digital Markets Act, which imposes a fine of 10% of the violating business's annual revenue, once a business is found to have violated the Digital Services Act, it will still be ordered to pay a fine of 6% of its annual revenue. Taking Amazon's annual revenue of US$2023 billion in 5748 as an example, it will face a fine of at least US$345 billion.

Amazon must now provide relevant information to EU regulators by July 7. If it fails to convince EU regulators, it may face heavy fines. In response, Amazon emphasized that it continues to create a safe, controlled, and trustworthy online shopping environment.

Tags: AmazonDSAEUAmazonDigital Services ActEuropean Union
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Mash Yang

Mash Yang

Founder and editor of mashdigi.com, and student of technology journalism.

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