Federal regulators say competing hotels using same algorithm amounts to price-fixing., (NewsNation) — “Price fixing by algorithm is still price fixing.” That’s the bottom line (actually, the headline) from the Federal Trade Commission concerning some Atlantic City casino hotels accused of using their apps to collude on room rates. “Hotels cannot collude on room pricing and cannot use an algorithm to engage in practices that would be illegal if done by a real person,” the Commission said in a statement. The lawsuit,
from Newsnation