Project Nessie is a secret algorithm used by Amazon to raise prices on certain products, earning them an extra $1.4 billion in profit. The FTC accused Amazon of anti-competitive behavior, but Amazon denies the allegations.
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The Secret Algorithm That Helped Amazon Make…
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Project Nessie is a secret algorithm used by Amazon to raise prices on certain products, earning them an extra $1.4 billion in profit. The FTC accused Amazon of anti-competitive behavior, but Amazon denies the allegations.