Project Nessie named in the antitrust suit, alleging Bezos's bunch pulled in an extra billion-plus
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The project extracted a redacted amount of cash from American households in"excess profit," the suit alleges. The sources claim that redacted number is in excess of $1 billion.The FTC told us it can't comment on redacted portions of the case, but said redactions are standard when non-public information is included, and it's up to Amazon to allow it to go public. Amazon has 14 days after info is sealed to provide a justification for why the data shouldn't be released.
"The FTC's complaint alleges that our pricing practices … are anticompetitive. In so doing, the lawsuit reveals the Commission's fundamental misunderstanding of retail," Zapolsky declared earlier."When setting prices for the products we sell ourselves, we try to match other retailers' low prices – online and offline."
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