Amazon created a secret algorithm that helps the e-commerce giant generate an extra $1 billion dollars, the U.S. Federal Trade Commission (FTC) alleged in a new court filing on Nov. 2.
In September, the FTC and 17 states filed an antitrust lawsuit against Amazon but many details were withheld until Thursday, when a version of the lawsuit with fewer redactions was made public in the U.S. District Court in Seattle.
According to the new, less redacted complaint, Amazon allegedly deployed a secret algorithm, internally known as “Project Nessie,” that raised the prices of items on its online store and, in turn, across the market accordingly.
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