Amazon Accused of Illegally Raising Prices by Over $1 Billion with Project Nessie, FTC Lawsuit Exposes

Amazon Accused of Illegally Raising Prices by Over $1 Billion with Project Nessie, FTC Lawsuit Exposes

FTC Lawsuit Exposes Amazon's Secret Pricing Tool

 

According to The Wall Street Journal, the internal documents cited in the initial complaint reveal that Amazon executives were well aware of the consequences of the company’s policies. These policies, which included compelling Amazon sellers to offer the lowest online prices or face repercussions, were deemed to have a “punitive aspect.” One executive acknowledged that many sellers “live in constant fear” of Amazon penalizing them for failing to adhere to the ever-evolving pricing policy.