Tag: antitrust lawsuit


New FTC Court Filing: Amazon Made $1B Through Secret Price Algorithm

November 3, 2023

Via: Insurance Journal used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court […]


US Department of Justice moves to block $5.3bn Visa-Plaid deal

November 9, 2020

Via: FinTech Futures

The DOJ alleges that Visa’s reason for acquiring Plaid is to take a future competitor out of the market. It describes Visa as “a monopolist in online debit services, charging consumers and merchants billions of dollars in fees each year.” […]