Comment on Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B
ElectroNeutrino@lemmy.world 1 year agoPrice 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.
blazera@kbin.social 1 year ago
Mmm no its describing an algorithm of raising prices for their own products
ElectroNeutrino@lemmy.world 1 year ago
Yes, which is the price-fixing I was talking about. There doesn’t need to be an overt agreement to fall under price fixing.