April 24, 2024

AndronETalksNews

AndronETalksNews

Amazon fined $1.3B by Italian regulator for abusing dominance

C/Net

 

Italy’s competition authority slapped Amazon with a 1.13 billion euro ($1.3 billion) fine on Thursday, accusing the company of abusing its market dominance. 

The fine followed an investigation during which the regulator found that Amazon was positioned to leverage its own logistics operator, Fulfilment by Amazon, putting rival logistics services at a disadvantage. Fulfilment by Amazon is tied to Amazon Prime, the paid service for the company’s most loyal customers, which third-party sellers have no access to, said the regulator.

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