Amazon.com, Inc. (AMZN)

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$239.19
$3.41 (-1.41%)
Previous Close: $242.60
52-Week Range
71% from low
$215.18$248.94

AI Insights

Amazon plans to appeal a reduced €752.4 million fine from an Italian court, asserting it should not face any charges for alleged antitrust violations. This ongoing legal battle highlights the scrutiny Amazon faces in Europe regarding its market practices, which could impact its operations and reputation in the region.

Updated about 5 hours ago

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Amazon to appeal against Italian fine, even after it was cut, paper says

U.S. e-commerce giant Amazon will appeal ​against a decision by ‌an Italian court that reduced a fine ‌imposed by the country's antitrust regulator as it believes it should not be charged at all, ⁠Italian daily ‌MF reported on Wednesday. On Monday, Italy's antitrust authority said ‍it had reduced to 752.4 million euros ($876.3 million) a 1.13-billion-euro fine it ​imposed on Amazon in 2021 ‌for abusing its dominant position, restricting competition in e-commerce logistics services in Italy. The reduction followed a regional administrative court ruling last ⁠September.

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