The agency said Amazon deployed Project Nessie in 2014 and has turned it on and off at least eight times between 2015 and 2019. In 2018 alone, Amazon used the algorithm to set prices for items ...

News Amazon used secret algorithm to essentially raise prices on other sites, the FTC says Published: Nov. 02, 2023, 8:01 p.m. By The Associated Press ...

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 ...

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 ...

In 2018 alone, Amazon used the algorithm to set prices for items that were viewed more than 400 million times by shoppers, according to the complaint.