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Market
Amazon's market share in UK e-commerce sector declines by end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Market research reports from sources such as Statista or eMarketer
Story
Amazon Faces $1.3 Billion (£1.1 Billion) UK Lawsuit Over Data Misuse
Jun 6, 2024, 04:25 PM
Amazon is facing a collective lawsuit from British retailers, who allege that the online marketplace misused their data to boost its own market share and profits. The lawsuit, valued at one billion pounds ($1.3 billion) or £1.1 billion, claims that Amazon used non-public data provided by small sellers to offer cheaper rival products directly to consumers. This has led to a significant impact on the sales and profitability of the affected retailers. The case, described as a 'watershed' moment, highlights ongoing concerns regarding data privacy and competitive practices in the e-commerce sector. The lawsuit follows a recent wide-ranging settlement Amazon reached with the UK competition watchdog over how it uses Marketplace sellers’ data.
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