Amazon Told to Drop Price Policy, Pay $70 Million in Germany (1)

Amazon.com Inc. must stop enforcing price controls for retailers on its German marketplace, according to the nation’s antitrust watchdog, which also seized €59 million ($70 million) from the Big Tech company. That amount is how much Amazon is estimated to have made via the illicit practice.

Germany’s Federal Cartel Office said it told Amazon that its retailer pricing policy violates rules governing the digital economy and fair competition. Amazon either removes products from its marketplace or does not feature them if their prices are deemed too high, according to the Cartel Office, which added that such mechanisms are allowed only ...