Comment on Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B
GeneralVincent@lemmy.world 1 year agoAmazon 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
blazera@kbin.social 1 year ago
None of that is what this article is talking about. This is just about them raising prices.
ElectroNeutrino@lemmy.world 1 year ago
Price fixing, whether explicit or implied from conduct, is absolutely something anti-trust regulations were designed to prevent.
blazera@kbin.social 1 year ago
Price fixing involves multiple companies working together
ElectroNeutrino@lemmy.world 1 year ago
Which is exactly what was described.