This podcast episode explores the FTC's lawsuit against Amazon, alleging that the company used a secret algorithm, Project Nessie, to increase prices on its site. The algorithm reportedly worked by raising prices on Amazon's site and then watching Amazon's competitors across the internet. If those competitors raised their prices, Amazon would keep the new higher price. The lawsuit also alleges that Amazon's fees and services have increased significantly over the past few years, leading to artificially high prices for consumers and locking sellers into using Amazon's services.
