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

• ElectroNeutrino@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Which is exactly what was described.

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  • blazera@kbin.social ⁨1⁩ ⁨year⁩ ago

    Mmm no its describing an algorithm of raising prices for their own products

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    • 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.

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      • blazera@kbin.social ⁨1⁩ ⁨year⁩ ago

        It does need at least an implied agreement of companies intentionally working together to raise prices. A computer program to determine your own prices does not imply working with any other company.

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