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

• blazera@kbin.social ⁨1⁩ ⁨year⁩ ago

  Anti-trust means opposing monopoly, i assume you mean anti-competitive. And one company making price changes for their own prices is not anti-competitive, especially when its price increases. Thats encouraging competition. Competition is other companies aiming to sell to you for better quality or cheaper prices, and Amazon going up in price just gives competitors more opportunity to outdo them on price. That theyre taking the opportunity to raise their own prices isnt on Amazon in any way, unless it was a concerted price gouging scheme.

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  • GeneralVincent@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Amazon owns both the product and the platform. They often are involved in the delivery of the products as well. This gives them quite a bit of control over other companies selling on their platform. They can push whatever product they like to the top of the page. They can copy other products and push the original to the last page of results, and then drop their price until the other company can’t compete, and then raise their prices.

    They have a lot of control which allows them to be anti competitive. And allegedly they use that

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    • blazera@kbin.social ⁨1⁩ ⁨year⁩ ago

      None of that is what this article is talking about. This is just about them raising prices.

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      • ElectroNeutrino@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Price fixing, whether explicit or implied from conduct, is absolutely something anti-trust regulations were designed to prevent.

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