amazon algorithm: Amazon made $1 billion through secret price raising algorithm: US FTC
Amazon, which has 1 billion items in its online superstore, created a "secret algorithm internally code named Project Nessie to identify specific products for which it predicts other online stores will follow Amazons price increases. ... Amazon used Project Nessie to extract more than a billion dollars directly from Americans pocketbooks," the FTC said.
United States Tim Doyle Doug Herrington Technology Leadership Us Federal Trade Commission Us District Court
Source: indiatimes.com