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Amazon reportedly used a secret algorithm to jack up prices
(www.theverge.com)
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this post was submitted on 03 Oct 2023
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Of course... That's their whole business model
It's literally anyone's business model in a capitalistic market, it's hilarious that people are shocked and offended
It's still shocking and offensive to be confronted with the truth of something you already knew.
Everyone knows that the rich would happily stab you in the face for your pocket change, but actually seeing rich people commission sophisticated software designed to do just that is still confronting.
I guess? I always just assume that's what's going on all the time. But there's also people that are going to be massively hyperbolic like yourself too, which I also assume is going on all the time. Everyone is just trying to get money.
Also I wouldn't call this software sophisticated at all, its pretty rudimentary. It's just comparing numbers and adjusting them by an offset. They also stopped using it, I assume because it wasn't sophisticated enough to account for the myriad of market forces at play.