On Tuesday, the company filed a complaint in Luxembourg’s General Court to challenge the European Commission’s (EC) decision to define it as a “very large online platform” under the Digital Services Act (DSA).
“The DSA was designed to address systemic risks posed by very large companies with advertising as their primary revenue and that distribute speech and information,” Amazon explained in a statement.
“We support the EC’s goal and are committed to protecting consumers from illegitimate goods and content,” the statement continues. “However, Amazon does not meet the criteria for a “Very Large Online Platform” (VLOP) under the DSA and should not be designated as such.”
The drive for this type of financing, which we can refer to as hyper-localized lending, highlights the value of community-based lending and the ways in which smaller businesses can at least partially capitalize on the positive word-of-mouth and customer loyalty produced locally.
Additionally, it draws attention to some of the difficulties experienced along Main Street and in many industry sectors. As evidenced by statistics in a series that is ongoing and focuses on the possibilities and problems that these smaller businesses face.
We just discovered that 40% of SMBs are still more concerned about inflation than they were a year ago. Additionally, 15% of them are worried about the possibility of falling revenue.
