What Happened: The European Commission is opening a competition investigation into Amazon's practices of allegedly using non-public data from third-party sellers to gain an unfair advantage, The Wall Street Journal reported July 17.
Why It Matters: The probe is the latest of other similar anti-competition investigations by the European Commission against U.S. technology companies in a push to set global regulatory standards for technology firms.
Background: Antitrust regulators continue to struggle in adapting old and sometimes outdated laws to modern technology companies, and efforts to enact new legislation are intended to reflect the unique qualities of technology firms.
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