An Italian regulator hit Amazon with a massive fine Thursday over alleged anti-competitive business practices.
The Italian Competition Authority issued the $1.3 billion penalty after the results of its investigation into Amazon concluded the online marketplace favored third-party vendors who use Amazon’s shipping and logistics services, the regulator announced in a press release Thursday. The Authority alleged that Amazon boosted the presence of vendors that used its services on its site as a way to increase use of its own logistic service, Fulfillment by Amazon (FBA).
A bipartisan group of 32 state attorneys general sent a letter to leading lawmakers in the House and Senate on Monday urging the passage of a series of antitrust bills targeting major technology companies.
The letter, led by attorneys general Phil Weiser of Colorado, Douglas Peterson of Nebraska, Letitia James of New York, and Herbert H. Slatery III of Tennessee, was addressed to House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer, House Minority Leader Kevin McCarthy, and Senate Minority Leader Mitch McConnell. The attorneys general urged Congress to modernize federal antitrust laws and enhance consumer protections by passing a series of bills introduced in the House Judiciary Committee in June that target big tech companies.
“A comprehensive update of federal antitrust laws has not occurred in decades,” the attorneys general wrote. “The sponsors of these bills should be commended for working to ensure that federal antitrust laws remain robust and keep pace with that of modern markets.”