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

The antitrust case is the most aggressive move the government has taken to tame the market power of Seattle-based Amazon.

Jeff bezosTim doyleSam clubFederal trade commissionDollar treeSeattle based amazonWall street journalJason delProject nessieSeller fulfilled prime

Amazon collected $1 billion in extra profits using algorithm that jacked up prices on customers, FTC alleges in antitrust case

The FTC also said Amazon “destroyed more than two years” worth of communications from June 2019 to “at least early 2022” despite instructions not to.

Tim doyleJeff bezosSeattle based amazonWall street journalJason delProject nessieSeller fulfilled prime

FTC: Amazon used algorithm to raise prices on other sites

The new excerpts unveiled today allege Amazon executives intentionally deleted communication by using a feature on the popular app Signal that makes messages disappear.

Tim doyleJeff bezosFederal trade commissionSeattle based amazonWall street journalJason delProject nessieSeller fulfilled prime

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

A newly unredacted portion of the Federal Trade Commission's antitrust lawsuit against Amazon says the company used a secret algorithm that essentially helped the company raise prices on other online sites.

Tim doyleJeff bezosFederal trade commissionSeattle based amazonWall street journalJason delProject nessieSeller fulfilled prime

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

Amazon used an algorithm to essentially raise prices on other sites, the FTC says
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Tim doyleJeff bezosFederal trade commissionSeattle based amazonWall street journalJason delProject nessieSeller fulfilled prime

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