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

• 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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    • ElectroNeutrino@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Go ahead and tell the FTC that you know the law better than they.

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      • blazera@kbin.social ⁨1⁩ ⁨year⁩ ago

        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.

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