{"id":1199354,"date":"2023-11-02T14:50:00","date_gmt":"2023-11-02T18:50:00","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1199354"},"modified":"2023-11-02T14:50:00","modified_gmt":"2023-11-02T18:50:00","slug":"ftc-alleges-amazon-used-a-price-gouging-algorithm","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1199354","title":{"rendered":"FTC Alleges Amazon Used a Price-Gouging Algorithm"},"content":{"rendered":"<p><img decoding=\"async\" class=\"type:primaryImage\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2023\/11\/d00763b23d171b08158f2cacca2833c8.jpg\" \/><\/p>\n<p><a class=\"sc-1out364-0 dPMosf sc-145m8ut-0 lcFFec js_link\" href=\"https:\/\/gizmodo.com\/tech\/amazon\">Amazon<\/a> faces allegations from the U.S. Federal Trade Commission (FTC) of wielding price-gouging algorithms through an operation called \u201cProject Nessie\u201d according to <a class=\"sc-1out364-0 dPMosf sc-145m8ut-0 lcFFec js_link\" href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.wawd.326809\/gov.uscourts.wawd.326809.114.0.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">court documents<\/a> filed Thursday. The FTC says the algorithm has generated more than $1 billion in excess profit for Jeff Bezos\u2019s e-commerce giant.<\/p>\n<p><a href=\"https:\/\/gizmodo.com\/ftc-alleges-amazon-used-price-gouging-algorithm-1850986303\">Read more&#8230;<\/a><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nSource: Gizmodo &#8211; <a href=\"https:\/\/gizmodo.com\/ftc-alleges-amazon-used-price-gouging-algorithm-1850986303\" target=\"_blank\" rel=\"noopener\">FTC Alleges Amazon Used a Price-Gouging Algorithm<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon faces allegations from the U.S. Federal Trade Commission (FTC) of wielding price-gouging algorithms through an operation called \u201cProject Nessie\u201d according to court documents filed Thursday. The FTC says the algorithm has generated more than $1 billion in excess profit &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1199354\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1199355,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[105,110],"tags":[104],"class_list":["post-1199354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gizmodo","category-unfiltered-rss","tag-gizmodo"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1199354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1199354"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1199354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1199355"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1199354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1199354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1199354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}