Amazon (AMZN) Tumbles on Italian Tax Evasion Probe Triggering Regulatory Concerns
Italian authorities searched Amazon and KPMG offices investigating potential tax evasion and undisclosed permanent base from 2019 to 2024.
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Recently added · Page 1Amazon (AMZN) Slumps on €59M German Antitrust Fine Over Pricing Tools
Amazon was fined €59 million by German antitrust officials for using pricing tools that limit third-party sellers’ visibility, violating competition laws. The company must stop most such practices, f…
Amazon (AMZN) Faces €59M Fine and Pricing Ban in Germany, Shares Slide
Germany’s competition regulator banned Amazon from using automated pricing tools for third-party sellers and fined the company €59 million for anticompetitive practices, restricting its marketplace o…
Amazon (AMZN) Stock Dips as It Appeals €752M Italian Antitrust Fine on Logistics
Amazon plans to appeal an Italian court's decision reducing but upholding a €752 million antitrust fine related to e-commerce logistics dominance in Italy.
Amazon (AMZN) Dips on €180M Italian Tax Fraud Settlement Impacting Logistics Unit
Amazon's Italian unit settled a tax fraud and illegal labor probe by paying €180 million and ending a delivery staff monitoring system, part of a broader €1 billion settlement involving major logisti…
Amazon (AMZN) Faces Legal Battle Over Product Liability Amid Consumer Safety Probe
Amazon faces multiple lawsuits and a regulatory battle over product liability for third-party goods sold via its marketplace, risking heightened legal responsibility and recall requirements that may …
Amazon (AMZN) Faces Long-Term Pressure as Italian Smuggling Probe Expands Across EU
Italian police raided Amazon sites investigating alleged smuggling of Chinese goods and tax evasion, potentially spreading to other EU states, raising concerns about Amazon's role in bypassing taxes …
Amazon (AMZN) Slams Perplexity AI Over Security Risks, Lawsuit Threatens AI Assistant Competition
Amazon filed a lawsuit against Perplexity AI for covertly accessing its customer accounts via its Comet AI shopping agent, alleging security risks and degraded shopping experiences, while Perplexity …
Amazon (AMZN) Settles Return Policy Lawsuit Following $2.5B FTC Prime Deal
Amazon agrees to settle a nationwide lawsuit over return policy practices causing consumer losses, following a recent $2.5 billion FTC settlement on Prime subscription allegations.
Apple (AAPL) and Amazon (AMZN) Soar After Judge Dismisses Antitrust Class Action
A judge dismissed a consumer antitrust suit accusing Apple and Amazon of conspiring to inflate iPhone and iPad prices, faulting plaintiffs' lawyers; the ruling favors Apple and Amazon, though plainti…
Amazon (AMZN) Dips on $2.5B FTC Settlement as Forward P/E Hits Decade Low
Amazon settled a $2.5B FTC case over misleading Prime practices while its stock trades at a historic low forward P/E of 29.6x, the cheapest among the 'Magnificent Seven', amid a civil suit alleging h…
Amazon (AMZN) Pressured by FTC Trial Over Prime Enrollment Next Week
The FTC is stepping up enforcement on subscription cancellations; Chegg settled for $7.5M and the agency heads to trial next week accusing Amazon of enrolling users in Prime and making cancellations …