this post was submitted on 02 Nov 2023
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Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B (techcrunch.com)
submitted 2 years ago by dantheclamman@lemmy.world to c/technology@lemmy.world
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[โ€“] blazera@kbin.social -1 points 2 years ago (1 children)

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.

[โ€“] ElectroNeutrino@lemmy.world 1 points 2 years ago* (last edited 2 years ago)

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

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