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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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[-] postmateDumbass@lemmy.world 2 points 1 year ago* (last edited 1 year 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.

this post was submitted on 04 Oct 2023

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