Amazon fined $1.3 billion by Italian competition authority for abusing market dominance

Amazon has been fined an additional $1.3 billion by the Italian antitrust authority, following a recent fine that saw the company charged ~$152 million just a few weeks ago. The reason for the previous fine was that Apple and Amazon had agreed to kick out select Apple product resellers from Amazon, forcing certain resellers to stop using Amazon Italy for selling Apple and Beats devices. The company’s latest fine by the same Italian watchdog authority is due to an alleged abuse of market dominance. This is one of the largest fines ever imposed on a U.S. company in Europe.
The AGCM, the Italian competition authority, said in a statement that Amazon and its other European-based companies had leveraged Fulfilled By Amazon (FBA) to force companies to sign up in order to “access a set of essential benefits to obtain visibility and better sales prospects on amazon.it“. Not only that, but the Prime label then stands out, which the AGCM says makes it easier to sell to “the most loyal and hig…

Written By: Adam Conway

Original Article: https://www.xda-developers.com/amazon-fined-1-3-billion-abusing-market-dominance/

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