Italian Competition Authority fines Amazon USD 1.3 Billion for abusing its market position
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The Italian Competition Authority on Thursday fined e-commerce giant Amazon $1.3 billion (1.1 billion euros) for using its dominance in the online shopping world and harming competing operators in the logistics space via its 'Fulfilment by Amazon' (FBA) service. The antitrust watchdog called AGCM was particularly concerned with the benefits Amazon gives to sellers on its platform that also pay to use its FBA logistics service.