Italy watchdog fines Amazon €1.13 billion

Italy watchdog fines Amazon €1.13 billion

December 9, 2021   01:43 pm

Italy’s competition regulator said today it had fined e-commerce giant Amazon €1.13 billion for alleged abuse of market dominance.

In a statement, the watchdog said Amazon had harmed competing operators in the e-commerce logistics service.

“Amazon holds a dominant position in the Italian market for intermediation services on marketplaces, which Amazon leveraged to favour the adoption of its own logistics service - Fulfilment by Amazon (FBA) - by sellers active on to the detriment of the logistics services offered by competing operators, as well as to strengthen its own dominant position,” it added.

The watchdog said it would impose on Amazon corrective steps that will be subject to review by a monitoring trustee.

Amazon had no immediate comment.

Source: Reuters

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories