I’m surprised the libs are going after these libs
The Federal Trade Commission and 17 state attorneys general filed suit against Amazon on Tuesday, alleging that the Seattle-based tech giant is a monopoly that abuses its power.
The complaint alleges that Amazon uses “anticompetitive and unfair strategies” that “stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing” against the e-commerce giant.
The long-awaited lawsuit, filed in U.S. District Court for the Western District of Washington, is a test for FTC Chair Lina Khan and those who have targeted Amazon for years over its business practices.
“Our complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies,” Khan said in a statement. “The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens of millions of American families who shop on its platform and the hundreds of thousands of businesses that rely on Amazon to reach them. Today’s lawsuit seeks to hold Amazon to account for these monopolistic practices and restore the lost promise of free and fair competition.”
more at source
Yes, they do have a special algorithm that does this. Everyone who has purchased something has seen it.
FTC targets alleged secret Amazon pricing algorithm ‘Project Nessie’ in antitrust complaint
The Federal Trade Commission’s antitrust lawsuit against Amazon alleges, for the first time publicly, that the company used a secret pricing algorithm known internally as “Project Nessie” to compete unfairly in the e-commerce market.
Descriptions of the algorithm are blacked out extensively in the public version of the complaint, filed Tuesday morning in U.S. District Court in Seattle. An FTC spokesperson told GeekWire that the agency could not provide further details but raised the possibility of portions of the complaint being unredacted in the future.
“There is no valid and cognizable justification for Amazon’s use of Project Nessie,” the complaint says.
h/t John Dutton