How one city got caught up in the 'Amazon effect'
Amazon’s announcement that it was building HQ2 in Arlington, Va. boosted home prices and sales, albeit temporarily, according to a new report by Bright MLS.
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Amazon’s announcement that it was building HQ2 in Arlington, Va. boosted home prices and sales, albeit temporarily, according to a new report by Bright MLS.
The settlement relates to a case the CEO of Northstar Commercial Partners filed against Chicago-based IPI Partners over Amazon development deals.
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Newly unredacted portions of the Federal Trade Commission's antitrust lawsuit against Amazon reveal allegations that the company used a secret algorithm, codenamed "Project Nessie," to raise prices on other online sites and deliberately deleted internal communications. The FTC claims that Amazon generated over $1 billion in excess profits through the algorithm and violated antitrust laws. Amazon denies the allegations, stating that the claims are baseless and irresponsible.
Amazon used a secret algorithm to essentially help raise prices on other online sites and also “destroyed” internal communications as the Federal Trade Commission undertook an antitrust investigation against it,