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WASHINGTON: The Federal Trade Commission in new court documents said Amazon.com deliberately raised prices by more than US$1 billion through secret algorithms known as "Project Nessie". The FTC filed suit in September but many details were withheld from public view until Thursday when a version of the laws
Jeff Bezos’s e-commerce giant allegedly manipulated prices to the tune of $1 billion, but Amazon refutes that was the true purpose of 'Project Nessie.'
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
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 that essentially helped the company raise prices on other online sites, the FTC alleged.