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November 2, 2023
Amazon’s ads strategy helped pump its profits while steering shoppers to higher-priced goods, the agency alleges.
November 2, 2023
Amazon used a secret algorithm that essentially helped the company raise prices on other online sites, the FTC alleged.
November 2, 2023
The new excerpts, unveiled Thursday, alleged company executives intentionally deleted communication by using a feature on the popular app Signal that makes messages disappear.
November 2, 2023
Amazon's Secret Algorithm 'Project Nessie' Raised Prices You Pay On Other Sites, Too - FTC Claims
November 2, 2023
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...
November 2, 2023
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
November 2, 2023
Jeff Bezos’s e-commerce giant allegedly manipulated prices to the tune of $1 billion, but Amazon refutes that was the true purpose of 'Project Nessie.'
November 2, 2023
A newly unredacted portion of the Federal Trade Commissions antitrust lawsuit against Amazon says the company used a secret algorithm that essentially helped the company raise prices on other online sites
November 2, 2023
A newly unredacted portion of the Federal Trade Commissions antitrust lawsuit against Amazon says the company used a secret algorithm that essentially helped the company raise prices on other online sites
November 2, 2023
Amazon used a secret algorithm that essentially helped the company raise prices on other online sites, the FTC alleged.