Biggest News Aggregation in the World
📰 Tim Doyle News

Page 12 - Tim Doyle News Today

Fast, Ad-Free News Updates

Stay updated with breaking news from Tim Doyle. Real-time updates on events, politics, business and more.

Amazon used an algorithm to essentially raise prices on other sites, the FTC says

A newly unredacted portion of the Federal Trade Commission's antitrust lawsuit against Amazon says the company used a secret algorithm that essentially helped the company raise prices on other online sites. It also alleges Amazon executives intentionally deleted internal communication during the agency's investigation into the company by using a feature on the popular app Signal that makes messages disappear. By doing this, the FTC says the company destroyed more than two years worth o...
Jeff Bezos Tim Doyle Federal Trade Commission Wall Street Journal Jason Del Project Nessie

Stay Updated with Latest News

Get breaking news updates delivered to your inbox

Browse All News →

FTC says Amazon made US$1 billion with price-raising algorithms

WASHINGTON: The Federal Trade Commission in new court documents said Amazon.com deliberately raised prices by more than US$1 billion through secret algorithms known as "Project Nessie". The FTC filed suit in September but many details were withheld from public view until Thursday when a version of the laws
United States Tim Doyle Us District Court Federal Trade Commission Project Nessie Project Nessie

Explore More Categories

World News India News Business Technology Sports Entertainment Health Science