Italy antitrust cuts Amazon record fine to $878.2 million

Italy’s antitrust authority said on Monday it had reduced a ⁠record fine imposed on U.S ⁠e-commerce giant Amazon 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.