Amazon’s secret pricing algorithm, codenamed “Project Nessie,” may have generated the company more than $1 billion in extra profits, according to new details released Thursday from the Federal Trade Commission’s antitrust case against the e-commerce giant.
In September, the FTC and more than a dozen state attorneys general sued Amazon, claiming that the company operates an illegal monopoly. Among other claims, the complaint says that Amazon buried listings offered at lower prices…
