Amazon reportedly used a secret algorithm to jack up prices — A new report details Amazon’s Project Nessie pricing algorithm::Amazon deployed a secret algorithm to gauge how high it could raise prices before its competitors stopped increasing their prices as well.

  • @ShittyRedditWasBetter@lemmy.world
    link
    fedilink
    English
    -11 year ago

    Amazon ain’t serving you heat and electricity. You can go get your plastic from any number of retailers. Amazon is just automating more competitor analysis and using that data to automate pricing.

    There is nothing going on here that doesn’t go on in every industry. The only way they get in trouble is if they are using internal pricing data that’s only available to them. In which case they can just scrape the public data instead