Categories: Business

Consumer advocates warn : concern about domination of large Online platforms

Consumer advocates warn
Concern about domination of large Online platforms

A sort Amazon employees in a distribution center a package. Consumer advocates see the increasing market power of large Online platforms such as Amazon with concern. Photo: Sebastian Matthew Downey United/dpa-Central picture/dpa

© dpa-infocom GmbH

The big Online platforms are becoming more powerful on the market and the Federal cartel office can only proceed due to it. Consumer advocates are now demanding that the Federal government finally brings its new competition law on the way.

Consumer advocates see the increasing market power of large Online platforms such as Amazon with concern.

Problematic was that these were now not only as a marketplace but as vendor, said the head of the consumer Federation, Klaus Müller, the German press Agency. In the process, they used data collected to target offering products, which sold particularly well. “That is, from the referee to the players. And none of us would have the game feel like a football, where the referee is allowed to suddenly shoot yourself goals”, stressed Müller.

In the Corona-crisis platforms such as Amazon had listed an “insane gain boost”. All the more urgent that the Federal government bring finally your new competition law on the way, said Mueller. “This instrument would give the Federal cartel office for the preventive option, especially in the area of the digital economy actively, to combat market power.”

The design of the economy Minister Peter Altmaier (CDU) provides for more stringent rules for market-dominant platforms. The cartel should be able to prohibit authorities to handle the competition and their own offerings – for example, in the presentation of search results – not equal to. Consumers should be able to not influenced to opt for the best product for you.

Müller called for a Europe-wide solution. “It is absolutely possible, if Europe is to agree, to tie Facebook, Apple, Google, Alibaba and others on European law,” he said. “To do this, you need to want it.”

dpa
Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Recent Posts

Ethereum Price Prediction: Can ETH Sustain Its Bullish Momentum as Price Surges 15%?

Ethereum is back in the spotlight, not for explosive price action, although it has made…

10 hours ago

Ajman Bank Successfully Prices USD 500 million Inaugural 5 Year Sukuk

Ajman, UAE, 25th April 2025, Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic…

19 hours ago

The Rise of Autonomous Finance: How 9M is turning AI into a fully operational investment system

The Rise of Autonomous Finance: How 9M is turning AI into a fully operational investment…

19 hours ago

Echo Launches Real Unique Tokenomics with Real Yield in USDC

Douglas, Isle of Man, 25th April 2025, ZEX PR WIRE, Echo is about to launch…

20 hours ago

World of Dypians Wins $450K in BNB Chain’s Support Program and Announces Monumental New Features

Tortola, BVI, 25th April 2025, ZEX PR WIRE, World of Dypians (WoD), a highly immersive…

21 hours ago

Hyperliquid Price Analysis: HYPER Eyes $20 as Price Tests Critical Resistance

Hyperliquid (HYPE) has staged an impressive climb, doubling in price since its low of $9.30 on…

22 hours ago