European Union investigates e-commerce

Nova Safo Mar 27, 2015
HTML EMBED:
COPY

European Union investigates e-commerce

Nova Safo Mar 27, 2015
HTML EMBED:
COPY

The European Union plans to investigate whether there is anti-competitive behavior among e-commerce sites across the 28-nation bloc.

The investigation, which will last more than a year, will examine a number of online retailers and websites, including giants like Amazon, which accounts for a large chunk of Europe’s e-commerce.

Margrethe Vestager, the European Commission antitrust chief, says she wants to investigate why cross-border purchases make up only 15 percent of the EU’s online sales.

Ricardo Cardoso, a spokesperson with the European Commission, says the investigation is aimed at a broader goal. “There is an overarching ambition of the commission to make sure that we have a single market in online in general,” says Cardoso.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.