New details of FTC antitrust lawsuit against Amazon made public

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The logo of Amazon is seen, November 15, 2022.

The logo of Amazon is seen, November 15, 2022. REUTERS/Pascal Rossignol/File Photo Acquire Licensing Rights

WASHINGTON, Nov 2 (Reuters) - New details of the Federal Trade Commission's antitrust lawsuit against (AMZN.O) 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

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