Yahoo

FTC : Amazon used algorithm to raise prices on other sites

Amazon used a secret algorithm to essentially help raise prices on other online sites and “destroyed” internal communications related to it as the Federal Trade Commission undertook an antitrust ...
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 ...
Ars Technica

Report: Amazon made $1B with secret algorithm for spiking prices Internet-wide

Last week, the Federal Trade Commission sued Amazon, alleging that the online retailer was illegally maintaining a monopoly. Much of the FTC's complaint against Amazon was redacted, but The Wall ...
The Bookseller

Amazon algorithm changes have led to ‘volatility in visibility’, warn indie authors

Digital-first publishers and self-published authors have told The Bookseller that book sales have been negatively impacted ...
CNN

Amazon algorithm juiced prices, cost US consumers $1 billion, new FTC lawsuit documents allege

When the Federal Trade Commission and 17 states sued Amazon for antitrust violations this fall, a heavily redacted portion of the lawsuit referenced “Project Nessie,” a secret algorithmic pricing tool ...
NBC Connecticut

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