Amazon Used Algorithm to Essentially Raise Prices on Other Sites, FTC Says
The antitrust case is the most aggressive move the government has taken to tame the market power of the e-commerce giant.
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The antitrust case is the most aggressive move the government has taken to tame the market power of the e-commerce giant.
The antitrust case is the most aggressive move the government has taken to tame the market power of the e-commerce giant.
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
Amazon used a secret algorithm to essentially help raise prices on other online sites and “destroyed” internal communications related to it as the Federal Trade Commission undertook an antitrust investigation against it, according to newly unredacted portions of the agency’s lawsuit. The new excerpts unveiled Thursday allege executives at the e-commerce giant intentionally deleted communication […]
The antitrust case is the most aggressive move the government has taken to tame the market power of Seattle-based Amazon.