At the core of the case against Amazon is the argument that by using algorithms to automate price matching to competitors, Amazon gained market dominance unfairly.
At the core of the case against Amazon is the argument that by using algorithms to automate price matching to competitors, Amazon gained market dominance unfairly.
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(Bloomberg) The US Federal Trade Commission sued Amazon.com Inc. Wednesday, alleging the e-commerce giant duped consumers into signing up for its Prime membership service and deliberately made it hard to cancel.Most Read from BloombergTitanic Sub Hunt Chases Mystery Noises as Air Supply Runs LowChina Says Biden Calling Xi a Dictator Is ‘Provocation’Modi Meets With Elon Musk and Ray Dalio as Global Money Flocks to IndiaPowell Signals Higher Rates as Lawmakers Press Him on Bank RulesThese Are W
The US Federal Trade Commission (FTC) yesterday (June 21) accused Amazon of signing customers up for its Prime subscription program without consent, and sabotaging their attempts to cancel for years. And it apparently took inspiration from Homer’s Iliad to do it.