FTC Alleges Amazon Used a Price-Gouging Algorithm ...Middle East

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FTC Alleges Amazon Used a Price-Gouging Algorithm
Amazon faces allegations from the U.S. Federal Trade Commission (FTC) of wielding price-gouging algorithms through an operation called “Project Nessie” according to court documents filed Thursday. The FTC says the algorithm has generated more than $1 billion in excess profit for Jeff Bezos’s e-commerce giant.Read more...

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