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

November 3, 2023

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Amazon.com 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 filing on Nov. 2.

The FTC lawsuit was filed in September but many details were withheld until the new filing when a version of the lawsuit with fewer redactions was made public in U.S. District Court in Seattle.

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