Entrepreneur

Amazon Used a ‘Secret Algorithm’ to Inflate Prices by Over $1 Billion, FTC Says

Amazon is accused of employing a “secret algorithm” to inflate prices by over $1 billion. Amazon refutes the allegations, stating that “Project Nessie” was intended to prevent unsustainable price ...
Yahoo

Amazon used an algorithm to essentially raise prices on other sites, the FTC says

Amazon used a secret algorithm to essentially help raise prices on other online sites and also "destroyed" internal communications as the Federal Trade Commission undertook an antitrust investigation ...
Detroit News

Amazon used algorithm to secretly raise prices and 'destroyed' internal messages, FTC says

Amazon used a secret algorithm that essentially helped the company raise prices on other online sites and “destroyed” some internal communications as the Federal Trade Commission was investigating the ...
Wall Street Journal

The Secret Algorithm Amazon Used to Raise Prices

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Zoe Thomas: Welcome to Tech News Briefing. It's Wednesday, October 4th. I'm Zoe ...
AOL

Amazon designed its algorithm at Jeff Bezos’s urging to be something it wanted to show you, not the cheapest and best product, government claims

When the Federal Trade Commission sued Amazon in September, accusing the e-commerce giant of using illegal tactics to maintain its monopoly, a key thrust of its complaint was that Amazon’s tactics ...
KSAT

Amazon used an algorithm to essentially raise prices on other sites, the FTC says

Read full article: Residents of tornado-damaged UTSA-area apartments seek answers over missing belongings A front may be just enough to touch off isolated showers and storms late Saturday. Amazon used ...