Apple, Amazon fined $218M for online collusion, Spanish agency says
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The Spanish National Markets and Competition Commission said on Tuesday that it has fined Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) roughly $218M, or 194.1M Euros, for collusion of Apple's devices in Spain.
In a translated statement, the agency, also known as the CNMC, said the two contracts signed on October 31, 2018 included "several clauses" that restricted competition that impact internet sales of electronic products in Spain.

Apple (AAPL) was fined 143.64M Euros and Amazon (AMZN) was hit with a 50.51M Euro fine.
The agency added that both companies have two months to appeal the decision.
Apple (AAPL) and Amazon (AMZN) did not immediately respond to a request for comment from Seeking Alpha.
Apple (AAPL) shares fell 0.3% in early trading on Tuesday while Amazon (AMZN) fell 0.9%.

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