Illustration by Alex Castro / The Verge
Amazon deployed a secret algorithm to gauge how high it could raise prices before its competitors stopped increasing their prices as well, according to a new report from The Wall Street Journal Tuesday.
The existence of the algorithm, codenamed Project Nessie, was first revealed late last month in a complaint filed by the Federal Trade Commission accusing the e-commerce giant of violating US antitrust law. The FTC’s public complaint alluded to Project Nessie, but the section was heavily redacted. ...
