"FTC Exposes Amazon's Secret Algorithm for Price Gouging"
TL;DR Summary
Unredacted documents in the FTC's lawsuit against Amazon have revealed the existence of a secret price-gouging algorithm used by the company. The algorithm allegedly allowed Amazon to manipulate prices and unfairly compete with third-party sellers on its platform. The documents shed light on the inner workings of Amazon's pricing strategies, which have been a subject of scrutiny and criticism.
- Unredacted documents in the FTC's Amazon lawsuit shed light on the company's secret price-gouging algorithm Engadget
- Amazon price-hike tool revealed in FTC filing The Hill
- FTC Claims Amazon Destroyed Two Years of Communication Related to Investigation Cord Cutters News
- Amazon FTC lawsuit claims site used secret pricing tool to gouge costs USA TODAY
- Amazon made more than $1B using secret algorithm called ‘Project Nessie,’ FTC says The Hill
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