FTC: Amazon made $1B through secret price raising algorithms

  • A billion dollars is a lot of money, but it's a tiny fraction of Amazon's annual $250 billion profit. Is it really worth risking an antitrust suit that breaks up the entire company over less than half a percent of profit?

    It seems to me Amazon could make damn near as much money for its shareholders without risking its moat. This was almost literally nickel-and-diming -- three dollars per American. They could afford to be a lot less evil and still make vast amounts of money just by the simple act of having a vast and efficient supply chain for practically everything.

  • https://archive.ph/a8JqF

  • Is raising prices depending on if someone can afford higher prices illegal?

  • Why would Amazon have ever made its pricing algorithms public?