Amazon Fined 1.13B Euros by Italian Regulator for Abusing Market Dominance

Leading e-commerce company Amazon Inc. (AMZN) has been slapped with a 1.13 billion euros by Italy’s antitrust regulator for allegedly abusing its market dominance. The regulator claims Amazon 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 favor the adoption of its own logistics service – Fulfillment 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,” said the regulator.

In addition the watchdog said it would take a step further and impose corrective steps which will first be reviewed by a monitoring trustee. Amazon is yet to give its response on the matter.

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