Issued on:
Italy’s antitrust authority said 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 marketplace “has enabled it to favour its own logistics service… with sellers active on the Amazon.it platform to the detriment of competing operators in that market and to strengthen its own dominant position,” the competition watchdog said in a statement.
The move comes two weeks after the same authority imposed a 68.7-million-euro fine on Amazon for infringing EU laws through restrictions that penalised sellers of Apple and Beats products.
Italy’s antitrust authority @antitrust_it are not scared to show their teeth. This morning they level a €1.13bn fine against Amazon 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 powers ahead with antitrust ligitation, US regulators are closely watching its approach to big tech firms, after Washington pledged to intensify scrutiny of the technology industry.
The watchdog said Thursday that third-party sellers who do not use Amazon’s logistics service are excluded from “a set of advantages essential for obtaining visibility and better sales prospects”.
(AFP)
For all the latest Health News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
