The FTC alleges Amazon credited over $1 billion in extra profit from 2016 through 2018 to a secret algorithm, Project Nessie, that raised prices where other online stores looked likely to follow. The complaint says it typically ran around the clock, except the holiday shopping season and Prime Day, because “of increased media focus and customer traffic.” Amazon denies the allegations, and its October 2026 filing says those numbers were highly over-stated and that Nessie was shut down in 2019. Nothing has been decided: there is no ruling as of 5 November 2026, and a bench trial is set for 29 March 2027. The full case file is on our channel. Source: FTC et al. v. Amazon.com, Inc., W.D. Wash. No. 2:23-cv-01495, Second Amended Complaint, ECF 327, and Amazon’s motion, ECF 738. Narrated by Jesse’s AI voice, reading a script he approves. #Shorts #Sygnify #Amazon #FTC
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The FTC alleges Amazon's Project Nessie brought over $1 billion in extra profit from 2016 through 2018, by Amazon's own calculations, and that it paused for the holiday season and Prime Day. Amazon denies the allegations, and its filing says those numbers were highly over-stated and that Nessie was shut down in 2019. There is no ruling yet, and a bench trial is set for 29 March 2027. The full case file, with every source: https://youtu.be/wZsPnUpepCw Do you check prices on more than one site before you buy?