Amazon used an algorithm to essentially raise prices on other sites, the FTC says

In a complaint filed with the Federal Trade Commission (FTC), Amazon was accused of using algorithms to increase the prices on third-party merchants’ products sold on its e-commerce website. The practice allowed Amazon to offer more competitive prices on its own items, potentially decreasing user satisfaction with other sellers. Amazon denied the allegation, claiming that its algorithms ensure that customers receive the best prices no matter which seller they choose. The FTC noted that it is still pursuing further investigation in this matter.


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