Amazon Appeals Italian Antitrust Ruling Despite Fine Reduction

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While Wall Street anticipates its upcoming earnings, Amazon is preparing for another legal battle in Italy. The tech giant has announced it will appeal a revised antitrust penalty, seeking complete exoneration rather than accepting a reduced fine. This move signals an escalation in the long-running dispute with Italian regulators, ensuring continued uncertainty for investors in the European market.

The conflict stems from a 2021 ruling by Italy’s competition authority, which initially levied a €1.13 billion penalty against Amazon. The regulator accused the company of abusing its dominant market position in logistics services. This week, a regional administrative court intervened, lowering the financial penalty to €752.4 million (approximately $876.3 million).