The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.

<div class="block">The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.</div>

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FTC Accuses Amazon of Using Algorithm to Inflate Prices

The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same. That's according to newly unredacted sections of the agency's lawsuit against the E commerce giant, the FCC has also accused Amazon of destroying more than two years worth of despite instructions to preserve them. Amazon said the FTC is mischaracterizing the algorithm and calls the claim that it deleted messages baseless and irresponsible. The company is facing a lawsuit from the FTC and 17 states accusing it of violating anti trust laws and inflating prices.