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Amazon Swats at Shutterfly With Photo-Printing Service

  • New service has prints and photobooks, with calendars coming
  • Shutterfly declines most since 2008 on competition concern
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Amazon.com Inc. introduced a new photo printing service, triggering the worst single-day decline in more than eight years for shares of Shutterfly Inc.

The new AmazonPrints service offers printed photos starting at 9 cents each and photo books starting at $20. Cards and calendars will be additional options coming soon, according to the company’s website.