Online retail giant Amazon.com used illegal strategies to raise prices and boost profits, the US Federal Trade Commission (FTC) said in a new court filing on Thursday. The FTC had filed a lawsuit in ...

In a nutshell: A redacted portion of the FTC's monopoly lawsuit against Amazon accuses the tech giant of using a secret pricing algorithm that allowed the company to see how far it could raise its ...

The Wall Street Journal reported late on Tuesday, citing redacted portions of the Federal Trade Commission (FTC) monopoly lawsuit against the e-commerce major, that Amazon used the 'Project Nessie' ...

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 the ...

Amazon made more than $1 billion in excess profits by employing a secret algorithm codenamed “Project Nessie” that inflated prices, according to newly unredacted portions of the Federal Trade ...

Amazon, which has 1 billion items in its online superstore, created a "secret algorithm internally code named 'Project Nessie' to identify specific products for which it predicts other online stores ...

The FTC’s lawsuit against Amazon alleging anti-competitive practices is largely full of things we already knew in a general sense: price hikes, pressure to use Amazon fulfillment and so on. But then ...