New details of FTC antitrust lawsuit against Amazon made public

WASHINGTON (Reuters) – New details of the Federal Trade Commission’s antitrust lawsuit against were made public on Thursday, including the government’s claim the online giant deliberately raised prices by more than $1 billion through secret algorithms.

The FTC filed suit in September but many details were withheld from public view until Thursday when a version of the lawsuit with fewer redactions was made public in U.S. District Court in Seattle.

The FTC said Amazon created a “secret algorithm internally codenamed ‘Project Nessie’ to identify specific products for which it predicts other online stores will follow Amazon’s price increases.”

(Reporting by Diane Bartz and David Shepardson; Editing by Chizu Nomiyama)