Amazon fined almost $1.3 billion for alleged abuse of market dominance

Italy’s antitrust watchdog has fined Amazon.com Inc. €1.13 billion ($1.28 billion) for alleged abuse of market dominance, CNN reported citing Reuters. Amazon is accused of leveraging its dominant position and making third-party sellers opt for its logistics service – Fulfilment by Amazon – to access exclusive benefits that are otherwise not offered to sellers opting out of FBA.