the US Federal Trade Commission (FTC) and multiple state attorneys general for anti-competitive practices. Details of Amazon's secret project ` `Project Nessie '', which was revealed in this lawsuit, ...

Amazon (AMZN) is receiving criticism after a Wall Street Journal report detailed the online retailer's use of an algorithm — named "Project Nessie" — designed to raise consumer prices and ultimately ...

Amazon used a secret algorithm called Project Nessie to essentially dupe buyers out of more money. That’s according to a new report from The Wall Street Journal which details the algorithm and ...

In a nutshell: A redacted portion of the FTC's monopoly lawsuit against Amazon accuses the tech giant of using a secret pricing algorithm that allowed the company to see how far it could raise its ...

New details have emerged about Amazon.com Inc.’s “Project Nessie” algorithm, which is a major focus of a lawsuit the Federal Trade Commission recently brought against the company. The Wall Street ...

Add Yahoo as a preferred source to see more of our stories on Google. The FTC's lawsuit against Amazon alleging anti-competitive practices is largely full of things we already knew in a general sense: ...

The mysterious “Project Nessie,” hinted at in what little was not redacted in the FTC’s lawsuit against Amazon, is indeed an algorithmic pricing scheme that raised prices where it could do so safely, ...