Amazon.com Inc.
AMZN,
has proposed on Thursday certain concessions as the ecommerce giant looks to settle antitrust cases against it in the European Union, according to a report in The Wall Street Journal. Amazon’s stock fell 0.9% in premarket trading. As part of the concessions, Amazon said it will not use nonpublic data about sellers on its marketplace that would help it compete with third-party sellers, and will allow Prime sellers to choose any delivery services, the WSJ reported. The report said Amazon wouldn’t pay a fine if its concessions are accepted. Amazon’s stock has dropped 27.2% over the past three months through Wednesday, while the S&P 500
SPX,
has lost 13.5%.
