The Project Nessie algorithm tested Amazon price hikes against its competitors. The Project Nessie algorithm tested Amazon price hikes against its competitors. Amazon’s secret pricing algorithm, ...

People wanted 50 to rap…well, it seems like he heard it. 50 Cent is back in his music bag and he seems ready to remind everybody that the microphone is still a weapon in his arsenal. After years of ...

New details have emerged about Amazon.com Inc.’s “Project Nessie” algorithm, which is a major focus of a lawsuit the Federal Trade Commission recently brought against the company. The Wall Street ...

The FTC’s lawsuit against Amazon alleging anti-competitive practices is largely full of things we already knew in a general sense: price hikes, pressure to use Amazon fulfillment and so on. But then ...

Amazon deployed a secret algorithm to gauge how high it could raise prices before its competitors stopped increasing their prices as well, according to a new report from The Wall Street Journal ...

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 ...