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Amazon avoids multibillion-dollar fine as it reaches EU antitrust settlement

The European Commission, the EU’s executive arm, announced Tuesday that Amazon had made a series of commitments to address allegations that the company was using independent sellers’ data to its advantage. The regulator had expressed concerns with Amazon’s dual role as both a marketplace and a competitor to merchants selling on its platform. Amazon, for its part, says it is an enabler of small businesses in the region. . . .

Read more at www.cnbc.com