Amazon fined $1.3 billion for abusing market position in Italy
Amazon has been fined $1.3 billion (€1.1 billion) by antitrust regulators in Italy. The company is accused of using its dominance in the online shopping world to steer Italian sellers into using its logistics service, Fulfilment by Amazon (FBA). Amazon says it will appeal the decision.
The fine is one of the largest levied by a single nation in the EU as part of a years-long battle over online antitrust issues. Just last month, Amazon and Apple were both fined by Italian antitrust regulators for allegedly conspiring to limit the supply of Apple and Beats products. But that fine only totaled $77 million (€69 million) for Amazon — a drop in the bucket compared to today’s judgement. (Both companies are currently disputing the case.)