@ooli@lemmy.world to A Boring Dystopia@lemmy.world • 2 years agoAmazon reportedly used a secret algorithm to jack up priceswww.theverge.comexternal-linkmessage-square16fedilinkarrow-up1183arrow-down13
arrow-up1180arrow-down1external-linkAmazon reportedly used a secret algorithm to jack up priceswww.theverge.com@ooli@lemmy.world to A Boring Dystopia@lemmy.world • 2 years agomessage-square16fedilink
minus-square@MooseBoys@lemmy.worldlinkfedilink4•2 years ago According to the Journal, Nessie would inflate prices and monitor whether other retailers, like Target, would follow suit. If the competing retailers maintained the lower price, the algorithm would automatically revert Amazon’s to its normal price. Isn’t this how retail pricing always works?
Isn’t this how retail pricing always works?