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dantheclamman@lemmy.world to Technology@lemmy.worldEnglish · 2 years ago

Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B

techcrunch.com

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Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B

techcrunch.com

dantheclamman@lemmy.world to Technology@lemmy.worldEnglish · 2 years ago
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Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B | TechCrunch
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The mysterious and highly redacted "Project Nessie" seen in FTC antitrust allegations has been revealed to be exactly what we thought it was.
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  • snekerpimp@lemmy.world
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    2 years ago

    So everyone gets $3.50 back?

    • extant@lemmy.world
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      2 years ago

      No, the government gets a couple million in fines and Amazon raises their prices to compensate for the next quarter but never lowers the cost so they’ll make even more the quarter after.

    • danc4498@lemmy.world
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      2 years ago

      Free 2 week trial of AMC+

      • nrezcm@lemmy.world
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        2 years ago

        Autosubscribes at the end of the trial.

        • danque@lemmy.world
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          2 years ago

          Of course. And without mention or mailing

    • cmbabul@lemmy.world
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      2 years ago

      deleted by creator

  • TunaCowboy@lemmy.world
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    2 years ago

    So what’s the government’s price fine for something like that, 5 mil?

    • BearOfaTime@lemm.ee
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      2 years ago

      These kinds of crimes should come with a fine that’s 10x what they profited. Then even they manage to hide some of the profit, it’s still gonna hurt.

  • PeleSpirit@lemmy.world
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    1 year ago

    deleted by creator

  • TryingToEscapeTarkov@lemmy.world
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    2 years ago

    and nothing will happen ever.

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