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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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[-] surewhynotlem@lemmy.world 59 points 1 year ago

A "secret" algorithm. Unlike all those other companies that just publish their proprietary algorithms on the net for anyone to try and game.

My poor eyes are exhausted from all the rolling.

[-] hikaru755@feddit.de 3 points 1 year ago

I guess "secret" in the sense that not only the internals of the algorithm, but even the existence of the it is not quite public knowledge.

this post was submitted on 04 Oct 2023

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