Amazon To Pay for Unfair Competition in 2022

The antitrust authority of Italy AGCM fined Amazon on Thursday 9 in 113 billion euros about BRL 71 billion in direct conversion based on todays quote.

According to the agency the company has carried out practices of abuse of market dominance in addition to promoting its own services to the detriment of competitors

Amazon for its part said it vehemently disagrees with the decision and will file an appeal In the action the agency highlights the Fulfillment by Amazon FBA logistics service which prioritizes sellers.

Associated with the program with highlights for the Prime label Thus according to the statement the company prevented sellers from associating the label with offers not managed by the FBA

In doing so Amazon has harmed competing e commerce logistics operators by preventing them from proposing to online vendors as suppliers.

The statement said These pipelines therefore have widened the gap between Amazons power and competition in the orderdelivery business as well says AGCM.

Amazon disagrees with the fine in a statement Amazon cites that FBA is a completely optional service but that most thirdparty vendors dont use it The fine and the proposed solutions are unjustified and disproportionate said the company.

The fine is one of the largest ever imposed by the Italian body which in November was fined twice Large technology companies have also faced recurring fines from European bodies for anticompetitive law investigations.

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