AMZN Jan 2024 3900.000 put
| Previous close | 1,791.00 |
| Open | 1,478.55 |
| Bid | 1,466.00 |
| Ask | 1,482.60 |
| Strike | 3,900.00 |
| Expiry date | 2024-01-19 |
| Day's range | 1,477.55 - 1,478.55 |
| Contract range | N/A |
| Volume | |
| Open interest | 64 |
- Yahoo Finance Video
Amazon's 'Project Nessie' algorithm under fire for raising prices
Amazon (AMZN) shares are on the rise following a Wall Street Journal report exposing the online retailer's use of an algorithm — named "Project Nessie" — designed to raise consumer prices and ultimately drive profits. Amazon generated over $1 billion in revenue as a result. This comes to light amid the ongoing antitrust lawsuit filed against Amazon by the Federal Trade Commission (FTC). Yahoo Finance's Rachelle Akuffo and Akiko Fujita explain the objectives of "Project Nessie" and delve into how the company effectively implemented it, touching upon its potential implications on ongoing legal proceedings. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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