Italy fines Amazon $1.3 billion, saying it hurts other sellers
CBSN
Milan — Italy's antitrust authority on Thursday fined Amazon 1.13 billion euros ($1.3 billion), accusing the company of exploiting its dominant position against independent sellers on its website in violation of European Union competition rules.
The fine is one of the largest leveraged in Europe against the online retail giant, which expanded in particular in Italy during a coronavirus lockdown that prevented residents from going to stores to buy items considered nonessential.
Europe has sought to rein in big tech companies, most famously by slapping Google with multibillion-dollar fines in three antitrust cases. The push is gaining steam worldwide as regulators and lawmakers take on digital giants over accusations of everything from stifling competition to failing to prevent harmful content from appearing on their platforms.
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