this post was submitted on 02 Nov 2023
518 points (99.4% liked)

Technology

59148 readers
2280 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
518
Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B (techcrunch.com)
submitted 1 year ago by [email protected] to c/[email protected]
26 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

Go ahead and tell the FTC that you know the law better than they do.

[–] [email protected] -1 points 1 year ago (1 children)

let them tell you https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/dealings-competitors/price-fixing

Price fixing is an agreement (written, verbal, or inferred from conduct) among competitors to raise, lower, maintain, or stabilize prices or price levels. Generally, the antitrust laws require that each company establish prices and other competitive terms on its own, without agreeing with a competitor.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

And yet, they are the ones accusing Amazon of price fixing.

Like I said, go tell them that they got it wrong.