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Amazon fined $1.28 billion for abuse of market dominance
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Amazon fined $1.28 billion for abuse of market dominance
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10th December 2021, 09:20
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,575
 |  Amazon fined $1.28 billion for abuse of market dominance Expect an appeal Italy's antitrust watchdog has fined Amazon 1.13 billion euro ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a US tech giant in Europe. Amazon said it "strongly disagreed" with the Italian regulator's decision and would appeal and given the state of Italy’s judicial system it will be years before it is sorted out. Italy's watchdog said in a statement that Amazon had leveraged its dominant position in the Italian market for intermediation services on marketplaces to favour the adoption of its own logistics service - Fulfilment by Amazon (FBA) - by sellers active on Amazon.it. The authority said Amazon tied to the use of FBA access to a set of exclusive benefits, including the Prime label, that help increase visibility and boost sales on Amazon.it. "Amazon prevents third-party sellers from associating the Prime label with offers not managed with FBA", it said. https://fudzilla.com/news/54017-amaz...rket-dominance |
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