The Secret Algorithm Amazon Used to Raise Prices

Amazon used a secret algorithm code-named “Project Nessie” to test how much it could raise prices and get competitors to follow. The plan is outlined in redacted portions of the government’s monopoly case against the e-commerce giant. WSJ reporter Dana Mattioli joins Zoe Thom as to explain how it worked. Plus, Meta wants to charge Europeans to use its apps.

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Amazon used a secret algorithm code-named “Project Nessie” to test how much it could raise prices and get competitors to follow. The plan is outlined in redacted portions of the government’s monopoly case against the e-commerce giant. WSJ reporter Dana Mattioli joins Zoe Thom as to explain how it worked. Plus, Meta wants to charge Europeans to use its apps.

Learn more about your ad choices. Visit megaphone.fm/adchoices