526

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

55 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[-] 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

526 points (97.3% liked)

Technology

58965 readers

3778 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS