The ghost cartel — your pricing algorithm may have stopped competing without your knowledge

Antitrust law was built to catch human agreements. It has no name for what machines learn to do on their own.
Yahoo

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

FILE - The Amazon logo is seen, June 15, 2023, at the Vivatech show in Paris. Amazon used a secret algorithm that essentially helped the company raise prices on other online sites and “destroyed” some ...
Crypto Briefing

Federal Trade Commission targets Amazon’s Project Nessie in antitrust suit

The FTC alleges Amazon's Project Nessie pricing algorithm generated over $1 billion in excess profits by exploiting ...
The Detroit News

Amazon used algorithm to secretly raise prices and 'destroyed' internal messages, FTC says

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 ...
Wall Street Journal

The Secret Algorithm Amazon Used to Raise Prices

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Zoe Thomas: Welcome to Tech News Briefing. It's Wednesday, October 4th. I'm Zoe ...
AOL

Amazon designed its algorithm at Jeff Bezos’s urging to be something it wanted to show you, not the cheapest and best product, government claims

When the Federal Trade Commission sued Amazon in September, accusing the e-commerce giant of using illegal tactics to maintain its monopoly, a key thrust of its complaint was that Amazon’s tactics ...
Washington Monthly

How Amazon’s AI Algorithms Raise the Prices You Pay

In 2023, the Federal Trade Commission, then led by Joe Biden appointee Lina Khan, along with 17 states, filed an antitrust lawsuit against Amazon. The case, finally scheduled to go to trial next year, ...
Orange County Register

Amazon used secret algorithm to raise prices on other sites, FTC says

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 ...
Yahoo Finance

Amazon designed its algorithm at Jeff Bezos’s urging to be something it wanted to show you, not the cheapest and best product, government claims

The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for ...
Yahoo Finance

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

The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for ...
NBC Connecticut

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

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 ...