"Algorithmic collusion is where companies illegally coordinate to raise prices through the use of an algorithm that they supply their data to."
"The more companies sign up for price-setting services, the easier it will be for participants to raise prices because there won’t be anyone left to undercut them."
"Klobuchar introduced her bill in February. She told me she worries that you can see this going economywide, extending into more and more businesses."
"It’s mind-blowing what could go wrong here unless something is done about algorithm price-fixing, she said."
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