Myths and legends: The Tipline for 4 October 2023

Like its reptilian namesake from the Scottish Highlands, the Federal Trade Commission’s allegations regarding Amazon’s “Project Nessie” have remained hidden from the public. That was until the Wall Street Journal reported a sighting on Tuesday. The exact parameters of the pricing algorithm are still not out, but it must not be “the supreme evil of antitrust” if the Federal Trade Commission is trying to slay the beast with Section 5 of the FTC Act rather than Section 1 of the Sherman Act.