Amazon made $1 billion through secret price raising algorith

Amazon made $1 billion through secret price raising algorithm -FTC

WASHINGTON (Reuters) -Amazon.com used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court filing on Thursday. Amazon spokesperson Tim Doyle said the FTC "grossly mischaracterizes" the pricing tool and the company stopped using it several years ago.

Related Keywords

Seattle , Washington , United States , American , Chizu Nomiyama , Diane Bartz , Arriana Mclymore , David Shepardson , Mark Porter , Tim Doyle , Doug Herrington , Us District Court , Reuters , Federal Trade Commission , Project Nessie , Prime Day , Amazon , Cftc Complaint , Algorithm , Online Retail ,

© 2025 Vimarsana