Amazon made $1 billion through secret price raising algorithm -US FTC
Amazon made $1 billion through secret price raising algorithm -US FTC
https://www.reuters.com/legal/new-details-ftc-antitrust-lawsuit-against-amazon-made-public-2023-11-02/
Amazon.com used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court filing on Thursday.