Some of the largest consumer electronics manufacturers are eroticization psychoanalysimbeing hit with big fines today as a result of online retail price fixing in Europe.
The European Commission, an institution tasked with promoting the general interest of the European Union and carrying out its day-to-day business, announced that the four electronics manufacturers — Philips, Asus, Denon & Marantz, and Pioneer — would receive millions of dollars in fines due to each company’s unlawful behavior. As The Verge reports, there was no collusion between the four companies, but each company engaged in the same price fixing practices.
This Tweet is currently unavailable. It might be loading or has been removed.
The four manufacturers used monitoring tools to track the resale pricing of many e-commerce retailers. When prices on its products decreased or were set below the manufacturers’ request, the online retailers would receive threats, such as a block on supplies from the companies.
SEE ALSO: Google slapped with $5 billion fine by EU for Android antitrust breachPhilips, for example, engaged in retail price fixing in France on a number of its items, from kitchen supplies to home theater equipment.
Asus monitored computer and electronic products in France and Germany and requested price increases when the resale prices dropped.
In Germany as well as the Netherlands, Denon & Marantz fixed the pricing of its speakers and headphones.
Pioneer also engaged in price fixing on its electronics, but had an additional scheme up its sleeve. Pioneer limited the ability for online retailers to sell throughout the E.U. by blocking orders from retailers who sold cross-border.
The countries affected by Pioneer’s practices include France, Germany, Spain, Italy, Portugal, Norway, Sweden, Finland, Belgium, Denmark, the Netherlands, and the United Kingdom.
Penalties handed down by the European Commission include a $34.9 million fine for Philips, a $11.9 million fine for Pioneer, and a $9 million fine for Denon and Marantz. Asus was hit with the largest of the fines at $74.4 million.
The fines levied on each company are actually much smaller than they could have been. Due to cooperation from each of the four electronic manufacturers, the Commission reduced the fines as much as 50 percent.The unlawful price fixing practices took place during a span ranging from 2011 to 2015.
"The online commerce market is growing rapidly and is now worth over 500 billion euros in Europe every year. More than half of Europeans now shop online” said Commissioner Margrethe Vestager, who is responsible for competition policy, in a statement. “Our decisions today show that EU competition rules serve to protect consumers where companies stand in the way of more price competition and better choice."
While the moves made today to come down on companies who engage in price fixing is a positive step, with some of the biggest online retailers constantly competing to see who can offer the lowest prices, this most likely won’t be the last time we see manufacturers engage in this anti-consumer practice.
NYT Connections hints and answers for February 1: Tips to solve 'Connections' #601.
Apple may be setting up to compete with Square's contactless payments
CNN sent its Supreme Court sketch artist to the off
What is regenerative agriculture?
Broncos vs. Bills 2025 livestream: How to watch NFL online
'The Office' will stream on Peacock with exclusive new content
Microsoft's Cortana is saying goodbye to Android and iOS in 2021
7 of the most hard
Meta deletes all AI character profiles on Facebook, Insta after backlash
Beyoncé drops breathtaking 'Black Is King' visual album with cameos from all the family
Hands on with Lenovo's 'rollable' display laptop at CES 2025
Listen up everyone, this new, beautiful gorilla meme has something to say
Facebook sued by news media outlet over 'Russia state
Fyre Festival's official merch is up for auction. Remember that happened?
Precursors to Today's Technology: These Products Had the Right Vision
Chelsea Manning celebrating Pride is giving us life
We can't stop looking at these extremely weird stock photos
Justice Dept. charged three people in connection with the Twitter hack
How to unblock Xnxx for free
There is now a Babadook dildo in honor of the latest LGBTQ icon
Best LG TV deal: Save $700 on LG C4 OLED TV this Prime DayWhy TikTok users are thanking Beyoncé for everythingPast life on Mars? Here's what new NASA evidence points to.Best Prime Day TV deal: Save 15% on the Hisense CanvasTV 4K QLED TV3 of the best October Prime Day laptop deals, according to Mashable's expertHow to copy and paste on a ChromebookBest iPad deals: Save up to $120 on October Prime DayBest Beats Studio Pro deal: Save $180 on October Prime DaySony Prime Day deals: Save on headphones and TVsSave nearly $30 on 'EA College Football 25' with this Prime Day deal still availableBest Samsung Frame TV Prime Day deal: Save $670Best Amazon Prime Day tech deals, according to a tech reporterBest Roomba deal: Save $110 on Q011 robot vacuum on October Prime DayBest Buy 48Hurricane Milton: TBest Prime Day laptop deals still live: Shop record lows on Apple, Asus, LGIsrael vs. France 2024 livestream: Watch UEFA Nations League for freeBest Prime Day Kindle deal: Save $85 on Kindle ScribeThe best postBest Amazon Prime Day free deals still live: Audiobooks, music, and Kindle books all cost $0 Twitter and Facebook crack down on fake, pro Babu Frik or Baby Yoda is 'The Rise of Skywalker' debate no one wanted The 5 second rule might not be that gross after all, scientists say Federal study confirms facial recognition is a biased mess The tech we lost in 2019: RIP iTunes, MoviePass, and AirPower Everything coming to HBO Now in January 2020 The best 'ships of the Star Wars universe 9 times somebody (seemingly) farted at a really bad time Slovenia is honoring its beloved Melania Trump with her own wine France fines Google $166 million for anti The Fleshlight Launch is basically a giant robot hand you can hump Rey's revelation in 'Rise of Skywalker' changes Star Wars for the worse 'Star Wars: The Rise of Skywalker' box office is a low for the trilogy Instagram to crack down on vaping in sponsored content Apple Glasses may include some of these features Tech companies to Trump: Your travel ban still sucks (and we're here to help strike it down) Every issue of Us Weekly will probably have the Trumps on the cover now Footage of a door slamming shut on its own is really creeping people out BBC interview kid is a bonafide star and the internet absolutely loves it 11,000 hand
1.6269s , 10195.8125 kb
Copyright © 2025 Powered by 【eroticization psychoanalysim】,Miracle Information Network