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Amazon used a secret algorithm that essentially helped the company raise prices on other online sites, the FTC alleged.
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 […]
Amazon used a secret algorithm that essentially helped the company raise prices on other online sites, the FTC alleged.
New revelations from the FTC's antitrust lawsuit claim that Bezos pushed for “expensive, irrelevant advertisements.”
The antitrust case is the most aggressive move the government has taken to tame the market power of Seattle-based Amazon.