Amazon.com used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court filing on Thursday.
    • WetBeardHairs@lemmy.mlEnglish
      92·
      2 years ago

      That was just creative accounting so they wouldn’t have to pay tax.

      Oh… this huge pile of revenue? That’s not profit. We’re reinvesting it into logistics and executive salaries. We lost money this year. -Amazon

    • beevoid@lemmy.worldEnglish
      21·
      2 years ago

      Do you mean Amazon the website? Surely they were making money somehow…