Amazon, Meta make ‘fair competition’ vows to UK regulator
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Amazon and Facebook owner Meta have both voluntarily committed to changes to their retail platforms to help "protect fair competition", Britain's Competition and Markets Authority (CMA) announced on Friday.The US online giants accepted the "sets of commitments" following separate investigations by the UK regulator into "competition concerns" over their use of advertising data, the CMA said. We are now on WhatsApp. Click to join. It opened the probe into Amazon in July 2022 amid fears the firm was abusing its dominant position as the UK's leading online retail platform by giving its own seller business "an unfair advantage" over independent competitors.Amazon was also accused of favouring sellers that use its own warehousing and delivery services rather than rival logistics busine...