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Italy's antitrust watchdog fines Amazon $1.28 billion for alleged abuse of market dominance

Italy's antitrust watchdog fines Amazon $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.

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

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.

"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.

Published on: Dec 09, 2021, 2:28 PM IST
Posted by: Mehak Agarwal, Dec 09, 2021, 2:24 PM IST
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