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Amazon fined record €1.3 billion by antitrust watchdog

December 9, 2021

Via: Charged

Amazon has been fined a record antitrust bill of €1.13 billion for allegedly abusing its position in the market.

The fine becomes one of the largest penalties ever imposed on a US tech company in Europe.

Amazon has responded by saying it “strongly disagreed” with the Italian regulator decision and announced it would appeal the fine.

The global tech industry has been on the receiving end of a number of antitrust bills after concerns over data privacy and misinformation, Chinese tech firms being hit the hardest.

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