Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B

dantheclamman@lemmy.world to Technology@lemmy.world – 511 points –
Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B | TechCrunch
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Go ahead and tell the FTC that you know the law better than they do.

let them tell you https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/dealings-competitors/price-fixing

Price fixing is an agreement (written, verbal, or inferred from conduct) among competitors to raise, lower, maintain, or stabilize prices or price levels. Generally, the antitrust laws require that each company establish prices and other competitive terms on its own, without agreeing with a competitor.

And yet, they are the ones accusing Amazon of price fixing.

Like I said, go tell them that they got it wrong.