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A lawsuit was filed in California last week, alleging that Amazon deceives its customers into paying higher prices by using the "Buy Box" feature. The complaint states that Amazon manipulates algorithms and incentives to direct shoppers towards more expensive products.
The CBI has filed a charge sheet against Ayush Kumar Gupta, Piyush Gupta, Om Prakash Gupta, and Gupta Trading Co for allegedly defrauding Amazon customers in the United States and Mexico. Charged under IPC sections 120-B, 420, and 471, the accused, operating under the 'Time of World' seller account, purportedly sold designer watches and sunglasses but failed to deliver, causing a loss of approximately USD 1.08 lakh and MXN 2,499.20 to Amazon.
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During the Amazon Great Indian Festival 2023 customers can grab latest smartphones starting from Rs 5,699 with 5G mobiles starting from Rs 8,999.
The Federal Trade Commission’s antitrust lawsuit against Amazon alleges, for the first time publicly, that the company used a secret pricing algorithm known internally as “Project Nessie” to compete unfairly in the e-commerce market. Descriptions of the algorithm are blacked out extensively in the public version of the complaint, filed Tuesday morning in U.S. District Court in Seattle. An FTC spokesperson told GeekWire that the agency could not provide further details but raised the possibility