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17.08.2020

Amazon under investigation by German watchdog

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Germany is Amazon's second-biggest market after the US

Stocks impacted: Amazon (AMZN)

German authorities announced an investigation into Amazon over the weekend, focusing on the company's relationship with third-party sellers who use its website. In particular, there are complaints about Amazon blocking certain traders because of allegedly overly high prices amid the coronavirus outbreak. In turn, an Amazon spokeswoman said the company's policies were designed to make sure its partners set competitive prices. As a reminder, Germany is Amazon's second-biggest market after the United States, so stocks could come under pressure on the news. Besides, Canadian authorities announced last Friday they had launched an investigation into Amazon over potential abuse of dominance by the e-commerce giant.

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