Browsing Tag

Federal Trade Commission

Amazon made more than $1B using secret algorithm called ‘Project Nessie,’ FTC says

Chinua Achebe Nov 4, 2023 0

Amazon made more than $1 billion in excess profits by employing a secret algorithm codenamed “Project Nessie” that inflated prices, according to newly unredacted portions of the Federal Trade Commission (FTC)’s antitrust lawsuit…
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TECHNOLOGY

Microsoft cleared to buy Activision for $69B

Chinua Achebe Oct 15, 2023 0

Microsoft’s $69 billion deal to buy video game developer Activision Blizzard cleared its final hurdle Friday after receiving approval from British regulators. The U.K.’s Competition and Markets Authority (CMA) cleared a restructured…
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BUSINESS

Amazon Sued By FTC And 17 States Over Allegations It Inflates Online Prices And Overcharges Sellers

Carolyne Adalla Sep 27, 2023 0

Home BusinessAmazon Sued By FTC And 17 States Over Allegations It Inflates Online Prices And Overcharges Sellers The lawsuit, filed Tuesday in U.S. District Court for the…
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