Celebrity shoutout platform Minly acquires Dubai’s Oulo to consolidate reach 

Celebrity shoutout platform Minly acquires Dubai’s Oulo to consolidate reach 
Celebrity shoutout platform Minly acquires Dubai’s Oulo to consolidate reach 

Thank you for reading the news about Celebrity shoutout platform Minly acquires ’s Oulo to consolidate reach  and now with the details

Jeddah - Yasmine El Tohamy - Italian regulators hit Amazon with a 1.1 billion euro ($1.3 billion) antitrust fine Thursday for allegedly abusing its dominance in the market, the latest action against US Big Tech in the EU.

US technology giants have been in the firing line in the European Union over their business practices.

In the latest salvo, Italy’s competition watchdog said Amazon abused its dominant position by promoting its own logistics service on its Italian platform to the detriment of third-party sellers who did not use it.

“The abusive strategy adopted by Amazon is particularly serious, since it is likely to discourage, if not eliminate competition in the relevant markets,” read the 250-page decision.

The move comes two weeks after the same authority imposed a 68.7 million euro fine on Amazon for infringing EU laws through restrictions that penalized sellers of Apple and Beats products.

In the same action, Apple was ordered to pay 134.5 million euros.

As Europe powers ahead with antitrust litigation, US regulators are closely watching its approach to big tech firms, after Washington pledged to intensify scrutiny of the technology industry.

Amazon did not immediately respond to a request for comment.

The Italian watchdog said Thursday that third-party sellers who do not use Amazon’s logistics service are excluded from “a set of advantages essential for obtaining visibility and better sales prospects.”

Those included better access to Amazon’s “most loyal and high-end customers” who use Amazon Prime, the e-commerce giant’s loyalty program.

Moreover, a tough performance measurement system is reserved for sellers who do not use Amazon’s logistics system, which can lead, if failed, to suspension of the seller’s account.

“In doing so, Amazon has harmed competing e-commerce logistics providers by preventing them from presenting themselves to online sellers as service providers of comparable quality to Amazon’s logistics,” said the watchdog, adding that such conduct had “increased the gap between Amazon’s power and that of its competitors.”

In its decision, the authority said it had imposed measures on Amazon subject to review by a monitor.

The company must grant sales privileges and visibility to all third-party sellers who meet fair and non-discriminatory standards for fulfilment, and must decide and publish such standards, it said.

Last month, EU legislation to impose unprecedented restrictions on how US tech giants do business passed a first, significant hurdle, with a European Parliament committee approving their version of the Digital Markets Act.

That would slap far-reaching rules on companies like Amazon, , Google, Apple and Microsoft.

Such tech companies have been variously accused of stifling competition, not paying enough taxes, stealing media content and threatening democracy by spreading fake news.

These were the details of the news Celebrity shoutout platform Minly acquires Dubai’s Oulo to consolidate reach  for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Iraq is committed to OPEC’s production cut, says minister
NEXT China’s factory activity stuns with fastest growth in a decade

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]