Mexican regulators tell Amazon to wall off Prime TV, reveal its algorithms and open up delivery
Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and wall off TV streaming to avoid stifling competition
By AP News
Published - Feb 14, 2024, 10:00 AM ET
Last Updated - Feb 14, 2024, 10:00 AM EST
MEXICO CITY (AP) — Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and to wall off TV streaming to avoid stifling competition.
Mexico’s Federal Commission on Economic Competition, known by its initials as COFECE, said in a preliminary finding late Tuesday that the two firms control 85% of online sales in Mexico.
It said that market dominance created “an absence of real competitive conditions in the online retail market.” For Amazon, the finding was the latest in a string of regulatory challenges it has faced in its countries of operation.
The COFECE order also covers the biggest Latin American online retailer, the Uruguay-based firm Mercado Libre.
