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ACM fines auction website Ticketveiling.nl for price inflation via automatic bids; thousands of consumers misled

ACM fines auction website Ticketveiling.nl for price inflation via automatic bids; thousands of consumers misled

The Netherlands Authority for Consumers and Markets (ACM) has fined the auction website Ticketveiling.nl 270,000 euros for misleading thousands of consumers. The company used a custom-built algorithm to bid against users in auctions, artificially inflating prices.

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