Amazon made more than $1B using secret algorithm called ‘Project Nessie,’ FTC says - The Hill
thehill.comSubmitted by thehill8847 in business
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 Commission (FTC)’s antitrust lawsuit against the e-commerce giant. …