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Amazon used a secret algorithm that essentially helped the company raise prices on other online sites and "destroyed" some internal communications as the Federal Trade Commission was investigating the company, according to portions of the agency's antitrust lawsuit that were until recently redacted.
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
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The Federal Trade Commission has accused Amazon of using a secret price-raising algorithm and destroying internal messages in a crucial antitrust case.
We're beginning to understand that, although we're not in a recession, corporate price fixing is what's making everything so expensive.