FTC targets Amazon over Project Nessie: What it is and why the controversy

Amazon has been accused of using a secret algorithm called "Project Nessie" to raise prices and maintain its market dominance, according to the Wall Street Journal. The algorithm would track competitors' prices and automatically adjust Amazon's prices accordingly. The Federal Trade Commission (FTC) has filed a complaint against Amazon, alleging illegal monopolistic practices. Amazon denies the allegations and states that Project Nessie was discontinued several years ago. The FTC has called on Amazon to remove censored sections of the complaint so that the public can fully understand the extent of the alleged practices.

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