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The Journal.

What Is Amazon's Secret ‘Project Nessie’?

The Journal.

The Wall Street Journal

Business News, Daily News, News

4.25.8K Ratings

🗓️ 6 October 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

When the Federal Trade Commission filed a lawsuit against Amazon last week, there was a big redacted section. WSJ’s Dana Mattioli on what she discovered underneath the redactions. Further Reading: - Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Prices - FTC Sues Amazon, Alleging Illegal Online-Marketplace Monopoly Further Listening: - Congress’s Case to Break Up Amazon - Biden’s New FTC CHair Squares Off With Big Tech Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Last week, the Federal Trade Commission sued one of the biggest tech companies in the

0:10.7

world, Amazon.

0:13.7

The Federal Trade Commission in 17 states have brought a sweeping lawsuit against Amazon,

0:18.5

alleging that the company abused its power to raise prices for shoppers, and also levy

0:27.4

all sorts of high fees against businesses that happen to sell on its platform.

0:33.0

I asked my colleague, Dana Maddie-Oli, about the lawsuit.

0:37.4

How long is the lawsuit?

0:39.2

It's 172 pages, it's not light reading.

0:42.4

How long did it take you to read all 172 pages of this lawsuit?

0:46.2

Oh, I had like a cram session the night it came out and it just stayed up until I read

0:51.6

it.

0:52.6

Did anything jump out at you?

0:54.4

Yeah, so there was something like pretty mysterious about this lawsuit when it was filed.

0:59.2

There was a section called Project Nessie.

1:05.0

I can't tell you how many cartridges of ink I went through printing this because it was

1:09.5

almost fully redacted.

1:11.6

So this like peaked to your curiosity?

1:14.0

I think it peaked everyone's curiosity.

1:16.6

And did you find out what Project Nessie is?

1:19.4

We did.

1:23.8

Welcome to the journal, our show about money, business, and power.

1:28.2

I'm Kate Leimbaugh, it's Friday, October 6th.

...

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