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Amazon used a secret algorithm to raise prices: Report

Amazon used a secret algorithm to raise prices: Report

by AIP Online Bureau | Oct 4, 2023 | International News, Regulation, Technology

“We once again call on Amazon to move swiftly to remove the redactions and allow the American public to see the full scope of what we allege are their illegal monopolistic practices,” an FTC spokesperson was quoted as saying. San Francisco: E-commerce giant Amazon...

AI-generated ripoffs of original books being sold on Amazon, authors cry

by AIP Online Bureau | Oct 1, 2023 | International News, Risk Management, Technology

“Amazon is clearly facing significant challenges with the influx of AI-generated products in its stores, and it appears to be playing catchup,” Nicola Solomon, the chief executive of the Society of Authors (SoA), was quoted as saying in the report Last...

US urges court to consider Amazon.com asset sales for breaking antitrust law

by AIP Online Bureau | Sep 26, 2023 | Eco/Invest/Demography, International News, Regulation, Risk Management

“The FTC and its state partners say Amazon’s actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing against Amazon,” the agency said in a statement...
Amazon used a secret algorithm to raise prices: Report

Amazon expands virtual clinic to offer 24/7 telemedicine across the U.S

by AIP Online Bureau | Aug 2, 2023 | Eco/Invest/Demography, Health, Technology

Amazon said Tuesday that customers can visit its virtual clinic around the clock through Amazon’s website or app. There, they can compare prices and response times before picking a telemedicine provider from several options. The clinic, which doesn’t accept insurance,...
Amazon used a secret algorithm to raise prices: Report

Amazon duped millions of consumers into enrolling in Prime, US FTC says

by AIP Online Bureau | Jun 22, 2023 | International News, Regulation

The consumer protection agency filed a lawsuit claiming that Amazon’s website manipulates users into enrolling in Prime, where subscribers pay $139 a year for privileges like speedy free delivery, video streaming and access to 100 million songs. The cancellation...
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