Because Prime News Today

Tech stocks are volatile right now but don't count these e-commerce plays out just yet.

MILAN — This month, Italy’s antitrust regulator, the Autorità Garante della Concorrenza e del Mercato (AGCM), fined Amazon 1.13 billion euros ($1.28 billion) for abusing its market dominance and forcing third-party sellers to use its in-house logistics service. The penalty is notably large, even for a company as huge as Amazon, which had global revenues of $386 billion in 2020

MILAN — This month, Italy’s antitrust regulator, the Autorità Garante della Concorrenza e del Mercato (AGCM), fined Amazon 1.13 billion euros ($1.28 billion) for abusing its market dominance and forcing third-party sellers to use its in-house logistics service. The penalty is notably large, even for a company as huge as Amazon, which had global revenues of $386 billion in 2020

Ejinsight 20211217-Italy’s-consumer-blind-trustbusting Hkej ejinsight.com

Alberto Mingardi sees no consideration for the traditional antitrust benchmark in a recent ruling against Amazon.