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Amazon accused of using Project Nessie algorithm to inflate prices
Amazon is accused of using a secret algorithm called Project Nessie to inflate prices on its platform. The algorithm monitored competitors' prices and raised its own, then reverted if rivals didn't follow. The practice was revealed through an FTC lawsuit. Amazon says it scrapped the program in 2019 and denies wrongdoing.
- Organisation involved
- Amazon
- Product, system or model
- Project Nessie
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Attribution
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