The FTC’s lawsuit against Amazon details a company algorithm that raised product prices and held them there if rivals followed, allegedly showing consumer harm (Dana Mattioli/Wall Street Journal)
Written by Oct 3, 2023, 4:00 pm
No Comment • Related Topics: General
Dana Mattioli / Wall Street Journal:
The FTC’s lawsuit against Amazon details a company algorithm that raised product prices and held them there if rivals followed, allegedly showing consumer harm — The strategy, as described in redacted parts of FTC lawsuit, is part of agency’s case that Amazon has outsize influence on consumer prices
