Amazon hit $1.28 billion fine for abuse of market dominance

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Italy’s antitrust regulator said the e-commerce giant had harmed competitors by encouraging sellers to use Amazon’s own logistics service. Kabar Medsos – Amazon was fined 1.13 billion euros ($1.28 billion) on Thursday by Italian antitrust regulators for abusing its market dominance. The Autorità Garante della Concorrenza e del Mercato, or AGCM, said that Amazon had harmed competing operators in the e-commerce logistics service. It concluded that Amazon leveraged its dominant position to encourage sellers on Amazon.it to use its own logistics service, Fulfillment by Amazon. This was done “to the…

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