Italy fines Amazon € 1.1 billion for abuse of market dominance

4

Italy’s antitrust authority said on Thursday it had fined Amazon 1.1 billion euros ($ 1.3 billion) for allegedly abusing its dominant position in e-commerce logistics, the latest action against US Big Tech in the EU.

Amazon’s dominant position in the Italian market “has enabled it to focus on its own logistics service … said in a press release.

The move comes two weeks after the same authority fined Amazon € 68.7 million for violating EU laws through restrictions penalizing sellers of Apple and Beats products.

The Italian antitrust authority @antitrust_it isn’t afraid to show its teeth. This morning, they fined Amazon 1.13 billion euros for abuse of market dominance

– Samuel Stolton (@SamuelStolton) December 9, 2021 In the same action, Apple was ordered to pay 134.5 million euros.

As Europe moves forward with antitrust litigation, US regulators are closely monitoring its approach to big tech companies, after Washington pledged to step up oversight of the tech sector.

The watchdog said Thursday that third-party sellers who do not use Amazon’s logistics service are being excluded “from a set of benefits essential to gain visibility and better sales prospects.”

(AFP)

.

Post Disclaimer

(This story #Italy fines Amazon € 1.1 billion for abuse of market dominance. Has not been edited by Axadle Staff and has been auto-generated from the Syndicate feed.) while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information or related graphics contained on the post for any purpose.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More