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Founder & Director at TrendWired Solutions (OPC) Private Limited

🚨 Breaking News 🚨 Amazon Faces 10 Million Euro Fine for Unfair Trade Practices! The Italian antitrust authority AGCM has imposed a hefty fine of 10 million euros on ecommerce giant Amazon for unfair trade practices. This fine targets two of Amazon's subsidiaries: Amazon Services Europe and Amazon EU. This isn't the first time Amazon has come under scrutiny in Europe. In Germany, the Federal Cartel Office (FCO) has investigated Amazon's activities, resulting in a significant fine of 746 million euros imposed by the European Union in 2021. Additionally, in the same year, AGCM levied a record penalty of 1.13 billion euros against Amazon. This penalty was associated with Fulfilment by Amazon, which was found to have abused its market dominance and disadvantaged competitors, according to the regulator. Find out more: https://lnkd.in/dqhkZTPm ........ #amazon #ebiztoday #ecommerce #ecommercebusiness #europe

Amazon fined 10 million euros by AGCM

Amazon fined 10 million euros by AGCM

https://ebiztoday.news

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