![](https://i.kinja-img.com/image/upload/c_fit,q_80,w_636/d00763b23d171b08158f2cacca2833c8.jpg)
Amazon faces allegations from the U.S. Federal Trade Commission (FTC) of wielding price-gouging algorithms through an operation called “Project Nessie” according to court documents filed Thursday. The FTC says the algorithm has generated more than $1 billion in excess profit for Jeff Bezos’s e-commerce giant.