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Market
Amazon facing additional EU lawsuits by mid-2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available legal filings or credible news sources
Story
Amazon Faces $1.3 Billion (£1.1B) UK Lawsuit Over Data Misuse
Jun 6, 2024, 03:15 PM
Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused their data to boost its own market share and profits. The £1.1B collective action accuses Amazon of exploiting small sellers' data to gain a competitive edge. This legal action comes shortly after Amazon reached a settlement with the UK competition watchdog over similar concerns regarding its use of Marketplace sellers’ data.
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Yes • 50%
No • 50%
Google • 33%
Amazon • 33%
Airbnb • 34%
Stock price increases • 33%
Stock price decreases • 33%
Stock price remains stable • 33%
Settles out of court • 33%
Fights in court • 33%
No response • 33%
Organize another warehouse • 33%
Strike or other labor action • 33%
Engage in legal battle • 33%