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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 1 year 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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[-] Marcbmann@lemmy.world 2 points 1 year ago

The subscribe and save price reflects the listing price at the time your order is fulfilled.

As a seller, the number of subscriptions evaporates if I increase the price on an item.

What you are describing is not a tactic any business is intentionally employing. It's more likely born of incompetence.

[-] LukeMedia@lemmy.world 1 points 1 year ago

That may be the case, but I have to admit, assuming malice is a lot more fun!

this post was submitted on 04 Oct 2023

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