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December 9, 2021 02:00 pm
Original Link: https://slashdot.org/story/21/12/09/1324249/italy-fines-amazon-13-billion-for-abusing-its-market-position?utm_source=rss1.0mainlinkanon&utm_medium=fee
Italy Fines Amazon $1.3 Billion for Abusing Its Market Position
Italy's competition authority announced that it had fined Amazon roughly $1.3 billion at today's exchange rate. From a report: According to the antitrust watchdog, Amazon has abused its dominant market position and pushed third-party sellers to use the company's logistics service 'Fulfillment by Amazon' (FBA). The Italian authority, the Autorita Garante della Concorrenza e del Mercato (AGCM), details its thinking in a statement and a 250-page report. According to them, third-party sellers don't get the same treatment if they're leveraging FBA or using their own logistics stack. Sellers who take advantage of FBA can participate in the company's paid loyalty program Amazon Prime. Subscribers get free deliveries on some products. In addition to Amazon's own inventory, products from third-party sellers that come from Amazon's warehouses thanks to FBA also get a Prime label.Read more of this story at Slashdot.
Original Link: https://slashdot.org/story/21/12/09/1324249/italy-fines-amazon-13-billion-for-abusing-its-market-position?utm_source=rss1.0mainlinkanon&utm_medium=fee
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