There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

Amazon’s secret pricing scheme made it an extra $1 billion, FTC says

Amazon’s secret pricing scheme made it an extra $1 billion, FTC says::Amazon’s secret pricing algorithm, codenamed “Project Nessie,” may have generated the company more than $1 billion in extra profits, according to new details released from the Federal Trade Commission’s antitrust case.

autotldr Bot ,

This is the best summary I could come up with:

Amazon’s secret pricing algorithm, codenamed “Project Nessie,” may have generated the company more than $1 billion in extra profits, according to new details released Thursday from the Federal Trade Commission’s antitrust case against the e-commerce giant.

In September, the FTC and more than a dozen state attorneys general sued Amazon, claiming that the company operates an illegal monopoly.

Nessie was allegedly an algorithm that would increase the price of products on Amazon and monitor whether other retailers, like Target, would follow suit.

According to the less-redacted complaint, the FTC alleges that Amazon founder Jeff Bezos directed company executives to accept “junk” ads as a means of extracting “billions of dollars through increased advertising despite worsening its services for customers.”

Responding to this, Doyle said that the shopping experience of Amazon’s customers is “consistently positive” and pointed to a study claiming that the company’s ads are the most relevant in the world.

In the new complaint, the FTC says that Amazon had multiple opportunities to fix flaws in Prime’s signup system “and instead continued to trick more users into signing up” for the service.

The original article contains 407 words, the summary contains 183 words. Saved 55%. I’m a bot and I’m open source!

Blapoo ,

And IF anything is done about it, it’ll cost less than the profits generated

Wes_Dev ,

Small nitpick…

“made it an extra one dollar billion”

You either say “one billion dollars” or “$1,000,000,000”. To do otherwise is madness.

Synthead ,

It’s correct. The “1 billion” is a number written out. Think of it like $(1 billion). It can also be abbreviated to $1b.

danc4498 ,

$60 million fine sounds appropriate

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • [email protected]
  • random
  • lifeLocal
  • goranko
  • All magazines
    •