Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Prices

Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr... by FeepingCreature on Thursday October 05, 2023 @05:03AM (#37776377)

Sending a signal and waiting for a reply is communication. An agreement doesn't have to be written, or even spoken. Amazon colluded by effectively using the price as a carrier signal.

[ Parent | on HN ]

Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr... by jjk166 on Thursday October 05, 2023 @02:17PM (#37782056)

But it isn't secret communication, which is the necessary requirement for collusion. An agreement doesn't have to be written or even spoken, but the FTC does have to prove that a secret agreement exists, which is really hard to do without a written or spoken record.

[ Parent | on HN ]

Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr... by FeepingCreature on Saturday October 07, 2023 @03:04AM (#37799641)

Yes it is. It's like holding up "Hey, how about 20$?" on a sign next to your competitor's HQ.

[ Parent | on HN ]