The Federal Trade Commission (FTC) has accused Amazon of illegally engaging in price discrimination by using algorithms to raise the prices of the same products on other online retailers. The FTC says that Amazon used this practice to decrease competition and increase its own profit margins. Amazon has denied the allegations, claiming that their pricing practices are in compliance with all applicable antitrust laws and regulations. In addition to a potential fine, Amazon could face an injunction to stop the alleged practices and may even be required to compensate other online retailers for lost profits.
Amazon used an algorithm to essentially raise prices on other sites, the FTC says
