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

• 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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  • ElectroNeutrino@lemmy.world ⁨1⁩ ⁨year⁩ ago

    And yet, they are the ones accusing Amazon of price fixing.

    Like I said. go tell them that they got it wrong.

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