Amazon fined 1.13 bln euros by Italy for alleged abuse of market dominance

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

December 09, 2021 03:17 pm | Updated 03:17 pm IST - MILAN

Amazon fined 1.13 bln euros by Italy for alleged abuse of market dominance.

Amazon fined 1.13 bln euros by Italy for alleged abuse of market dominance.

Italy's antitrust said on Thursday it had fined e-commerce giant Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance.

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

(Sign up to our Technology newsletter, Today's Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.)

Also Read | Amazon's cloud unit launches new chips to take on Intel, Nvidia

"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 Amazon.it to the detriment of the logistics services offered by competing operators, as well as to strengthen its own dominant position,"it added.

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

Amazon had no immediate comment. ($1 = 0.8832 euros)

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.