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International Business Times UK
International Business Times UK
Technology
Tanmay Puri

After Getting Hit With a $876 Million Fine, Here's How Amazon Reacted

Why Italy Fined Amazon $876 Million Over Alleged Abuse of Market Dominance (Credit: AFP News)

Amazon is facing a massive fine that can set a standard for all tech giants. Amazon's huge e-commerce empire, which is highly used for fast delivery and a plethora of choices, has also faced contentious regulatory scrutiny across Europe.

Now, the latest controversy is about a giant antitrust fine imposed in Italy that was originally much larger but was later reduced by a court. Despite this, Amazon has not accepted the penalty and is preparing to contest it through further legal challenges.

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