FTC says Amazon made 1 billion with priceraising algorithms

FTC says Amazon made 1 billion with priceraising algorithms

WASHINGTON : The Federal Trade Commission in new court documents said Amazon.com deliberately raised prices by more than $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 lawsuit with…Read More

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