The FTC’s public antitrust complaint redacted its Project Nessie section.
a reporter who covers the politics and power influencing the tech industry. Before joining The Verge in 2018, she covered Congress and breaking news.Amazon deployed a secret algorithm to gauge how high it could raise prices before its competitors stopped increasing their prices as well, according to
Nessie allegedly helped Amazon increase its profits by artificially increasing its prices across different shopping categories until the company reportedly stopped using it in 2019 “We once again call on Amazon to move swiftly to remove the redactions and allow the American public to see the full scope of what we allege are their illegal monopolistic practices,” FTC spokesperson Douglas Farrar told thein the e-commerce industry. In the agency’s September complaint, the company is accused of using a variety of methods, like burying listings, to deter sellers from offering products at a lower price on competing platforms.
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