Amazon created a secret algorithm that helped the e-commerce giant generate an extra $1 billion dollars, the U.S. Federal Trade Commission (FTC) alleged in a new court filing on Nov. 2. In September, ...

Amazon used a secret algorithm to essentially help raise prices on other online sites and also “destroyed” internal communications as the Federal Trade Commission undertook an antitrust investigation ...

Amazon, which has 1 billion items in its online superstore, created a "secret algorithm internally code named 'Project Nessie' to identify specific products for which it predicts other online stores ...

Amazon.com (AMZN.O) used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices US households paid by more than $1 billion, the US ...

WASHINGTON, D.C., USA — A newly unredacted portion of the Federal Trade Commission's antitrust lawsuit against Amazon says the company used a secret algorithm that essentially helped the company raise ...

Amazon used a secret algorithm that essentially helped the company raise prices on other online sites and "destroyed" some internal communications as the Federal Trade Commission was investigating the ...

Amazon ran a secret pricing algorithm, codenamed "Project Nessie", that may have generated the e-commerce platform more than $1 billion in extra profits, according to new details that emerged from the ...