this post was submitted on 04 Oct 2023
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Amazon reportedly used a secret algorithm to jack up prices — A new report details Amazon’s Project Nessie pricing algorithm (www.theverge.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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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.

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[–] ShittyRedditWasBetter@lemmy.world 2 points 2 years ago (1 children)

This isn't an interconnected two way API/algorithm. There is no collusion here. That requires a two way communication and agreement. Amazon is taking public data and automating what every company out there already does.

At best Amazon will get pegged if they are using internal pricing data, but they likely are using publicly available data from the site to avoid that.

[–] postmateDumbass@lemmy.world 2 points 2 years ago* (last edited 2 years ago)

Amazon gets sales data, not just pricing data that can be scraped.

Its the extra data they get by controlling the platform/marketplace that becomes problematic imo.