Europe has cracked down on Big Tech companies over allegations of abusing their dominant market positions.
Amazon and Apple were fined a total of 194 million euros Tuesday for colluding to box out competitors by favoring sales of Apple products directly from the online retail giant, Spain’s antitrust watchdog said.
The tech giants also limited the capacity for third parties to advertise Apple products on Amazon, according to Spanish regulators. In addition, the companies are accused of reaching a deal that limited Amazon’s ability to direct advertising toward customers of Apple products or offer them products of competing electronics makers.
“We also disagree with the Competition Authority’s suggestion that Amazon benefits by excluding sellers from our store,” Amazon said in a statement, adding that its business model relies on the success of its sellers, most of which are small businesses.
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