Italy antitrust cuts <a href="https://laohu8.com/S/AMZN">Amazon</a> record fine to $878.2 million
MILAN, Jan 12 (Reuters) - Italy's antitrust authority said on Monday it had reduced a record fine imposed on U.S e-commerce giant Amazon AMZN.O to 752.4 million euros ($878.20 million) from an original amount of 1.128 billion euros.
The authority, which fined Amazon in 2021 for abusing its dominant position in logistics services, recalculated the penalty following a regional administrative court ruling last September.
($1 = 0.8568 euros)
(Reporting by Elvira Pollina, editing by Cristina Carlevaro)
((elvira.pollina@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments