Amazon reclassified as grocer by UK, subjecting it to more regulation
The UK's Competition and Markets Authority (CMA) says Amazon is to be subject to the same regulations as grocers or supermarkets, a decision Amazon called "chilling."
The UK's Competition and Markets Authority (CMA) says Amazon is to be subject to the same regulations as grocers or supermarkets, a decision Amazon called "chilling."
Amazon has fixed an issue with its Flex contract delivery driver app that allowed savvy drivers to pick up more orders for delivery than others, a trick to game the system that involved hanging an iPhone on a tree near Whole Foods stores.
In reviewing Amazon's proposed $13.7 billion takeover of Whole Foods, the U.S. Federal Trade Commission is reportedly exploring a complaint that the company posts false list prices on its website, making its discounts seem better than they really are.
A blockbuster deal announced Friday morning will see e-commerce giant Amazon buy organic and all-natural food vendor Whole Foods in an all-cash deal — and other retailers and grocers are seeing massive stock drops because of it.
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