Brits make Amazon, Meta stop using third-party data to undercut rivals
1–10 of 59 posts
Re: Brits make Amazon, Meta stop using third-party data to undercut rivals
#2sad that el reg is also doing this:
"In Amazon's case, the e-commerce giant used vendors' sales figures to decide which items it should sell, and how much to price products to get an edge over everyone else. The internet behemoth also promoted its own products with its Buy Box feature and it further cut into retailers' margins by charging extra costs if they wanted to use Amazon's Prime delivery services, the CMA said.
Now Amazon has committed to doing less of that. "
less of that -> became stop :(
Re: Brits make Amazon, Meta stop using third-party data to undercut rivals
#3So basically, Amazon is not allowed to look at what products are selling well on Amazon before they decide which products to make. However, Amazon is still allowed to sell products, and presumably market research firms are going to give them the same results, more or less. So what did this accomplish, really? It seems like some UK lawmaker is up for reelection and wants a feather in their cap.
Re: Brits make Amazon, Meta stop using third-party data to undercut rivals
#4So basically, Amazon is not allowed to look at what products are selling well on Amazon before they decide which products to make. However, Amazon is still allowed to sell products, and presumably market research firms are going to give them the same results, more or less. So what did this accomplish, really? It seems like some UK lawmaker is up for reelection and wants a feather in their cap.
As the market makers they have data which is otherwise only available to the sellers themselves. If they have to buy market intelligence from third parties it won't be as good, plus those third parties now have intelligence about what intelligence Amazon is willing to pay for which I'm sure they can sell on to the highest bidder.
Re: Brits make Amazon, Meta stop using third-party data to undercut rivals
#5What products or services does Meta sell on FB marketplace?
Re: Brits make Amazon, Meta stop using third-party data to undercut rivals
#6So basically, Amazon is not allowed to look at what products are selling well on Amazon before they decide which products to make. However, Amazon is still allowed to sell products, and presumably market research firms are going to give them the same results, more or less. So what did this accomplish, really? It seems like some UK lawmaker is up for reelection and wants a feather in their cap.
As the market makers they have data which is otherwise only available to the sellers themselves. If they have to buy market intelligence from third parties it won't be as good, plus those third parties now have intelligence about what intelligence Amazon is willing to pay for which I'm sure they can sell on to the highest bidder.
Could the left hand sell said data to market research analysts first, before the right hand buys their reports?
Re: Brits make Amazon, Meta stop using third-party data to undercut rivals
#7Earlier quoted context omitted.
As the market makers they have data which is otherwise only available to the sellers themselves. If they have to buy market intelligence from third parties it won't be as good, plus those third parties now have intelligence about what intelligence Amazon is willing to pay for which I'm sure they can sell on to the highest bidder.
Could the left hand sell said data to market research analysts first, before the right hand buys their reports?
The Five Eyes approach! Amazon, Apple, Google, Facebook and eBay could all share their customer data with each other.
Re: Brits make Amazon, Meta stop using third-party data to undercut rivals
#8Earlier quoted context omitted.
As the market makers they have data which is otherwise only available to the sellers themselves. If they have to buy market intelligence from third parties it won't be as good, plus those third parties now have intelligence about what intelligence Amazon is willing to pay for which I'm sure they can sell on to the highest bidder.
Could the left hand sell said data to market research analysts first, before the right hand buys their reports?
Well, yes, and that's not some circumvention of measures like this, but the intent of these sorts of anti-competitive laws.
Amazon can use the same data they've been using all this time, but they must not put themselves in a special position in acquiring that data. If they want to publish their sales data for free or for a price that they themselves pay, that's fine, as long as others can also get the data.
Re: Brits make Amazon, Meta stop using third-party data to undercut rivals
#9Earlier quoted context omitted.
As the market makers they have data which is otherwise only available to the sellers themselves. If they have to buy market intelligence from third parties it won't be as good, plus those third parties now have intelligence about what intelligence Amazon is willing to pay for which I'm sure they can sell on to the highest bidder.
Could the left hand sell said data to market research analysts first, before the right hand buys their reports?
At that point, Amazon’s data will be up for sale for everybody else to buy too, which fixes the problem.
Re: Brits make Amazon, Meta stop using third-party data to undercut rivals
#10sad that el reg is also doing this: "In Amazon's case, the e-commerce giant used vendors' sales figures to decide which items it should sell, and how much to price products to get an edge over everyone else. The internet behemoth also promoted its own products with its Buy Box feature and it further cut into retailers' margins by charging extra costs if they wanted to use Amazon's Prime delivery services, the CMA sai…
Doing what? That's their dry humor. Are you new to reading The Reg? Or the British press in general?
The rest of the article explains in detail all the ways they're being forced to curtail what they've been doing.