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Amazon made $1B with Project Nessie secret algorithm: FTC lawsuit

Por: New York Post Business November 02, 2023

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Amazon used a series of illegal strategies to stay on top of online retailing while pushing up prices for buyers and extracting more revenue from independent sellers, the Federal Trade Commission said Thursday. Amazon deliberately raised prices by more than $1 billion through secret algorithms known as “Project Nessie,” the FTC said. The $1 trillion company monitored its sellers and punished them if they offered lower prices on other... + full article



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