Amazon Made $1 Billion Through Secret Price Raising Algorithm, Says FTC
Amazon used a secret algorithm to boost prices to U.S. households by more than $1 billion, says the FTC in ia new court filing. “The FTC lawsuit was filed in September but many details were withheld until Thursday when a version of the lawsuit with fewer redactions was made public in U.S. District Court in Seattle,” notes Reuters. From … ⌘ Read more